Lufax Investors Class Action Reminder

Written by Emily J. Thompson, Senior Investment Analyst

Source: Globenewswire

Updated: Apr 21 2026

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Source: Globenewswire

Lawsuit Background: Lufax faces a class action lawsuit due to inaccurate financial reporting, with investors able to file as lead plaintiffs by May 20, 2026, highlighting serious issues in corporate governance and financial transparency.
Stock Price Impact: On January 27, 2025, Lufax's stock fell by $0.40, or 13.8%, following concerns from auditor PwC regarding financial disclosures, indicating a lack of market confidence in the company's financial health.
Financial Restatement: Lufax confirmed significant errors in its 2022 and 2023 financial reports, leading to substantial declines in net profit, which reflects deficiencies in internal controls and may affect future investor confidence.
Legal Risks: The class action alleges that the company made materially false or misleading statements during the class period and failed to disclose adverse facts about its operations and prospects, potentially leading to further legal and financial repercussions.

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About LU

LUFAX HOLDING LTD is a holding company mainly engaged in providing financial services for small and micro enterprises. The Company's core retail credit enablement business includes bank-funded loans, trust-funded loans and consumer finance loans. The Company is also engaged in wealth management and providing access to financial products and services. The Company conducts the business through its subsidiaries.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

Reminder of Lufax Securities Class Action

12 hours agoGlobenewswire

Class Action Notice: Rosen Law Firm reminds investors who purchased Lufax securities between April 7, 2023, and January 26, 2025, that the deadline to apply as lead plaintiff is May 20, 2026, allowing potential compensation without any out-of-pocket costs.
Lawsuit Background: The lawsuit alleges that Lufax made false and misleading statements during the class period, failing to disclose inadequate internal controls and materially misstated financial results, resulting in investor losses when the truth emerged.
Law Firm Credentials: Rosen Law Firm specializes in securities class actions and has achieved the largest settlement against a Chinese company, ranked No. 1 by ISS Securities Class Action Services in 2017, highlighting its expertise and success in this field.
Participation Instructions: Investors can visit Rosen Law Firm's website or call toll-free at 866-767-3653 for more information on joining the class action to protect their rights, noting that while a class has not yet been certified, they can still choose to retain or change counsel.

Lufax Faces Securities Class Action Lawsuit

18 hours agoGlobenewswire

Lawsuit Background: Lufax announced the removal of its auditor on January 27, 2025, due to concerns over undisclosed related-party transactions, triggering a nearly 14% drop in share price that day, reflecting severe investor concerns regarding the company's financial transparency.
Internal Control Deficiencies: The class action alleges that Lufax lacked adequate internal controls and that certain financial results were materially misstated, leading investors to question the integrity of the company's financial reporting after learning the truth on January 27, 2025, which could impact future investment confidence.
Auditor Opinion Refusal: PwC refused to consent to the incorporation of its prior audit opinions in any current or future company filings, indicating a loss of trust in Lufax's 2022 and 2023 financial statements, which may subject the company to stricter audit and compliance requirements moving forward.
Transaction Complexity: On April 23, 2025, Lufax revealed it engaged in a series of complex transactions as the sole investor in certain trusts from May 2023 to June 2024, involving purchases of assets from affiliated entities, potentially leading to significant overstatements of both assets and liabilities, further exacerbating investor concerns.

Lufax Shareholder Files Securities Class Action Lawsuit

23 hours agoGlobenewswire

Lawsuit Background: The lawsuit alleges that Lufax Holding Ltd materially misstated its financial results due to internal control failures between April 7, 2023, and January 26, 2025, which has negatively impacted investor confidence and the company's reputation.
Investor Rights: Affected shareholders can join the class action lawsuit to protect their rights, with a deadline of May 20, 2026, and those who take no action will become absent class members, potentially forfeiting any recovery.
Legal Fee Arrangement: All representation is on a contingency fee basis, meaning shareholders incur no fees or expenses, which reduces the financial burden on investors and encourages more victims to participate in the lawsuit.
Law Firm Credentials: Bernstein Liebhard LLP has recovered over $3.5 billion for clients since 1993 and has extensive experience in class action litigation, having been named to The National Law Journal’s “Plaintiffs’ Hot List” thirteen times, demonstrating its strong standing in the legal field.

Notice of Lufax Securities Class Action

1 day agoPRnewswire

Class Action Initiation: Rosen Law Firm reminds investors who purchased Lufax securities between April 7, 2023, and January 26, 2025, to join the class action by May 20, 2026, potentially entitled to compensation without any out-of-pocket fees.
Lawsuit Background: The lawsuit alleges that Lufax made false and misleading statements during the class period, failing to disclose inadequate internal controls and materially misstated financial results, resulting in investor losses.
Law Firm Credentials: Rosen Law Firm specializes in securities class actions and has achieved the largest settlement against a Chinese company, recovering over $438 million for investors in 2019 alone, highlighting its successful track record in this field.
Investor Guidance: Investors are advised to carefully select qualified counsel with proven success rather than opting for firms that merely act as intermediaries, ensuring they receive the best representation in the class action.

Lufax Faces Securities Class Action Lawsuit

1 day agoPRnewswire

Lawsuit Background: Lufax announced the removal of its auditor on January 27, 2025, due to concerns about undisclosed related-party transactions, triggering a nearly 14% drop in share price that day, highlighting severe investor concerns regarding the company's financial transparency.
Legal Action: Hagens Berman has filed a securities class action lawsuit against Lufax on behalf of investors who purchased its securities between April 7, 2023, and January 26, 2025, alleging violations of federal securities laws and urging affected investors to report their losses to support the investigation.
Auditor Issues: Lufax's auditor, PwC, expressed a lack of trust in the company's 2022 and 2023 financial statements upon termination, citing inadequate internal controls that led to material misstatements, further exacerbating market fears about the company's financial health.
Transaction Transparency: On April 23, 2025, Lufax revealed it engaged in a series of complex transactions from May 2023 to June 2024 involving asset purchases from affiliated entities, resulting in significant distortions in its balance sheet, which could lead to further legal and regulatory challenges.