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Practice Area: Securities Fraud & Investor Protection
Case Status: Pending
Ticker Symbol: NYSE: LU
Investigation Deadline: May 20, 2026
National plaintiffs’ law firm Berger Montague PC announces a class action lawsuit against Lufax Holding Ltd. (NYSE: LU) (“Lufax” or the “Company”) on behalf of investors who purchased or acquired Lufax American Depositary Shares (“ADSs”) during the period from April 7, 2023 through January 26, 2025 (the “Class Period”).
Investor Deadline: Investors who purchased or acquired Lufax securities during the Class Period may, no later than May 20, 2026, seek to be appointed as a lead plaintiff representative of the class.
Headquartered in Shanghai, Lufax describes itself as a leading financial services enabler for small business owners in China.
The lawsuit alleges that, throughout the Class Period, Defendants misrepresented and/or failed to disclose that: (1) Lufax lacked adequate internal controls; and (2) certain of Lufax’s financial results were materially misstated.
Investors allegedly learned the true state of the Company’s internal controls and finances on January 27, 2025 when Lufax announced that it was proposing to remove its auditor, PricewaterhouseCoopers (“PwC”), because PwC had significant concerns about Lufax’s financial disclosures – including with respect to related-party transactions – and that its audit opinions for the 2022 and 2023 Annual Reports were no longer to be relied upon.
On this news, the price of Lufax’s ADSs fell $0.40 per ADS, or more than 13%, to close at $2.49 per ADS on January 27, 2025. The price of the ADSs continued to decline over the next two trading days.
If you are an Lufax investor and would like to learn more about this action, please contact Berger Montague: Andrew Abramowitz at aabramowitz@bergermontague.com or (215) 875-3015, or Caitlin Adorni at cadorni@bergermontague.com or (267)764-4865.
About Berger Montague
Berger Montague is one of the nation’s preeminent law firms focusing on complex civil litigation, class actions, and mass torts in federal and state courts throughout the United States. With more than $2.4 billion in 2025 post-trial judgments alone, the Firm is a leader in the fields of complex litigation, antitrust, consumer protection, defective products, environmental law, employment law, securities, and whistleblower cases, among many other practice areas. For over 55 years, Berger Montague has played leading roles in precedent-setting cases and has recovered over $50 billion for its clients and the classes they have represented. Berger Montague is headquartered in Philadelphia and has offices in Chicago; Malvern, PA; Minneapolis; San Diego; San Francisco; Toronto, Canada; Washington, D.C., and Wilmington, DE.
For more information or to discuss your rights, please contact:
Andrew Abramowitz, Senior Counsel
Berger Montague
(215) 875-3015
aabramowitz@bergermontague.com
Caitlin Adorni
Director of Portfolio and Institutional Client Monitoring Services
Berger Montague
(267) 764-4865
cadorni@bergermontague.com
Director of Portfolio and Institutional Client Monitoring Services
A class action has been filed against the company over losses suffered by investors and Berger Montague is currently speaking with investors about their options.
Your information will be reviewed by our legal team. If you appear eligible, we will contact you as soon as possible to discuss next steps and answer any questions you may have.
Yes. Any information you provide will be kept secure and used only for purposes related to this investigation.
No. An initial consultation is completely free of charge. If you qualify, you will not be asked to pay any upfront legal fees.
