Stay claims in the US so Luckin Coffee can restructure in Cayman, court told
Credit: Shutterstock.com/ling shisheng
Having already secured Hong Kong recognition, the provisional liquidators of China’s Luckin Coffee have asked a New York court to stave off shareholder actions in the US while they restructure the group’s holding company through a pair of Cayman schemes, to deal with revelations it falsely inflated its accounts last year.
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