Lufax Investors Sought To Lead Securities Suit After Auditor Ouster And Accounting Revelations

Overview

• Law firms say a securities class action has been filed and urge Lufax shareholders to seek lead‑plaintiff status by May 20, 2026.
• The proposed class covers those who bought Lufax securities from April 7, 2023 through January 26, 2025.
• The complaint alleges weak internal controls at Lufax and misleading financial results that gave investors an inaccurate picture.
• Key events include PwC’s removal after it flagged undisclosed related‑party deals and said its 2022–2023 audit opinions were unreliable, which was followed by a roughly 14% drop in the shares.
• Lufax later said trust transactions overstated assets and liabilities starting in late 2023, and no class has been certified so investors are not represented unless they retain counsel.