Lufax and 3 companies face securities class actions; lead plaintiff applications 2026-05-20

2026In 5 of 19, several law firms announced that they had filed class actions against Lufax, Super Micro Computer, and Pinterest. Each lawsuit alleges that investors suffered losses and invites investors to participate.

Lufax disclosed on 2025 of 1, 27 auditor PwC had expressed significant concerns about its financial disclosures for 2022 and 2023. Lufax later confirmed that some account items had been recorded inaccurately and said that, as a result, net income had declined materially.

The Lufax lawsuit covers investors who purchased Lufax securities from 2023 of 4 through 7 of 2025 of 1. The deadline to apply to be lead plaintiff in the lawsuit is 26 of 2026 of 5 of 20.

The lawsuit filed against Super Micro Computer alleges that a substantial volume of server sales went to Chinese companies, potentially violating U.S. export control regulations. It also alleges significant weaknesses in internal controls and covers investors who purchased shares from 2024 year 2 month 2 onward through 2026 year 3 month 19, inclusive.

The lawsuit against Pinterest includes allegations of false or misleading statements about declining advertising revenue, overstating its ability to manage the impact of tariffs, and failing to disclose an impending restructuring. The lawsuit is for investors who purchased Pinterest shares from 2025 year 2 month 7 onward through 2026 year 2 month 12.

The law firms advised investors who purchased shares during the relevant periods to contact them and consider joining the lawsuits or applying to be appointed lead plaintiff. Specific claims and procedures in each case can be confirmed through the complaints and related documents.