LU 11-DAY DEADLINE ALERT: Lufax Holding (LU) Investors with Substantial Losses Have Opportunity to Lead Investor Class Action- Hagens Berman

San Francisco, California--(Newsfile Corp. - May 9, 2026) - A securities class action lawsuit has been filed against Lufax Holding Ltd. (NYSE: LU), seeking to represent investors who purchased or otherwise acquired Lufax securities between April 7, 2023 and January 26, 2025.

The lawsuit follows Lufax's January 27, 2025 announcement that it removed its auditor after the auditor expressed concerns about potential, undisclosed, related-party transactions. The news triggered a nearly 14% sell-off in the price of Lufax American Depositary Shares.

The developments have prompted national shareholders rights firm Hagens Berman to investigate claims that Lufax violated the federal securities laws.

The firm urges Lufax investors who suffered significant losses to submit your losses now. The firm also encourages witnesses who may be able to assist in the investigation to contact its attorneys.

Class Period: Apr. 7, 2023 - Jan. 26, 2025
Lead Plaintiff Deadline: May 20, 2026
Visit: www.hbsslaw.com/investor-fraud/lu
Contact the Firm Now: [e-mail]
844-916-0895

Lufax Holding Ltd. (LU) Securities Class Action:

Lufax, which describes itself as a "leading financial services enabler for small business owners in China," has repeatedly assured investors that its financial statements were prepared in conformity with applicable accounting rules and that its internal control over financial reporting was effective.

In contrast to the company's assurances, the class action complaint alleges Lufax lacked adequate internal controls and certain Lufax financial results were materially misstated.

Investors began to learn the truth on January 27, 2025. That day, Lufax revealed that its auditor (PricewaterhouseCoopers or "PwC") was orally notified of its removal on January 16, 2025, less than six months after the company's Audit Committee reappointed the firm.

Lufax framed PwC's disagreement with the company as based on PwC's concerns about undisclosed related party transactions that PwC said warranted an expert and independent investigation. The company also said "[w]hilst PwC noted that the Audit Committee engaged forensic accountants and independent investigation counsel […] PwC raised questions about the investigation, the independence of the Audit Committee, and the Company's remedial actions."

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