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A Lesson from Fall of Luckin - How Investors Navigate Risks

Out of Luckin: A Lesson on How to Navigate Fraud Risks Associated with Public Companies
Friday, May 8, 2020 | 10:00 a.m. - 11:00 a.m. 

Program Fees:
Free for Members | $15 Non-members 

Please Note: All attendees will receive an email confirmation including a zoom invite by 5pm the day before the program with details of how to access the webinar.

Imagine Starbucks, the largest coffee retailer in the United States, being subject of a report claiming Starbucks is an overvalued company with fake financial statements. What do you think would happen? That is exactly what happened to the Chinese equivalent of Starbucks, Luckin Coffee (LK (Nasdaq)). However, after Luckin was the subject of Muddy Water's short report, it was later found and confirmed that Luckin's staff had faked financial figures and other reporting improprieties. Join us as we dive into a discussion on recent increases in short positions against Chinese companies listed in the U.S. stock markets. We will analyze the legal implications of the Luckin scandal. Our panelists have extensive experiences dealing with China-related deals, and will offer best-practice insights as well as mitigation tips when counseling Chinese deals in the U.S. markets.

Chengdong Xing, 
Co-Chair, Asian Affairs Committee

Elizabeth Fei Chen, Pryor Cashman
Hans Ge, Sullivan & Worcester
Angus Ni, AFN Law

Sponsoring Committee:
Asian Affairs, Jian Wu & Chengdong Xing, Co-Chair 

Co-Sponsoring Committees:
Compliance, Patrick T. Campbell, Chair
Inter-American Affairs, Michael A. Fernandez, Chair

Co-Sponsoring Organization:
Asian American Bar Association of New York 
Association for Chinese Lawyers in Europe

New York City Bar Association 42 West 44th St New York, NY 10036 UNITED STATES

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