Lufax Securities Suit Enters Lead‑Plaintiff Fight as Law Firms Court Investors

Overview

• Rosen Law Firm and Hagens Berman are urging Lufax investors to submit losses and consider seeking the lead‑plaintiff role, which lets an investor help direct the case.
• The class action, already filed, targets buyers of Lufax shares from April 7, 2023 to January 26, 2025 and alleges weak internal controls and misstated results.
• In January 2025, Lufax removed auditor PwC after concerns over undisclosed related‑party deals, and PwC said its audit opinions for 2022 and 2023 should not be relied on.
• The shares fell about 14% that day as investors reacted to the auditor’s stance on the company’s past financial statements.
• In April 2025, Lufax disclosed it invested through trusts tied to affiliates and said the accounting overstated assets and liabilities since the second half of 2023.