Lufax Investors Face May 20 Deadline in Securities Class Action Over PwC Disclosure

Overview

• Investor notices this week from DJS, Schall, Pomerantz, and Faruqi highlight a May 20, 2026 deadline to seek the lead-plaintiff role.
• The complaints allege Lufax misstated financial results and failed to maintain adequate internal controls, rendering prior statements misleading.
• Lufax’s January 27, 2025 notice to remove auditor PwC, which questioned past financial reports and audit opinions, was followed by an ADS drop of nearly 22% over three sessions, according to the filings.
• The case covers investors who bought Lufax securities between April 7, 2023 and January 26, 2025.
• The class has not been certified, so shareholders are not yet represented until the court appoints a lead plaintiff.