A report from Muddy Waters Research alleges false financial statements for the third question of 2019
uckin Coffee Inc. (lk) is down 12% in Friday trading after an anonymous report received by short seller Muddy Waters Research that alleges the company is fabricating its financial and operating figures, beginning with Q3 2019. MarketWatch cannot confirm the authenticity of the report, which is 89 pages long. MarketWatch has reached out to Luckin Coffee for comment.
https://finance.yahoo.com/m/60c7e1b7-e521-374b-ad17-91ec8bf9afbe/luckin-coffee-stock-sinks.html