NEW YORK--(BUSINESS WIRE)--May 20, 2026--
Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Lufax Holding Ltd. (“Lufax” or the “Company”) (NYSE: LU) and reminds investors of the May 20, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
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Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.
As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) Lufax lacked adequate internal controls; (2) Certain of Lufax’s financial results were materially misstated; and (3) as a result, defendants’ statements about Lufax’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
On January 27, 2025, Lufax disclosed in a filing with the U.S. Securities and Exchange Commission that Lufax's board had proposed to remove Lufax's auditors, and that a delay was possible in the publication of Lufax's 2024 annual report.
On this news, Lufax's American Depositary Share ("ADS") price fell $0.40 per ADS, or 13.8%, to close at $2.49 per ADS on January 27, 2025.
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.
Faruqi & Faruqi, LLP also encourages anyone with information regarding Lufax’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
To learn more about the Lufax class action, go to http://www.faruqilaw.com/LU or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
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Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ( www.faruqilaw.com ). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
CLASS ACTION DEADLINE TONIGHT: Faruqi & Faruqi, LLP Reminds Lufax (LU) Investors of Securities Class Action Deadline on May 20, 2026
President Donald Trumpscored another win Tuesday against a Republican rival, dislodging Rep. Thomas Massie in Kentucky’s primary and knocking out one of his most outspoken critics on Capitol Hill. Massie has been a particularly difficult thorn in Trump’s side, pushing for the release of the Epstein files, opposing the war with Iran and voting against Trump’s signature tax legislation last year.
Republicans are unhappier with Trump’s handling of the economy than they were a few months ago, but they’re largely continuing to stand behind him as the war with Iran continues, a new AP-NORC poll finds. About 6 in 10 Republicans approve of how Trump is handling the economy, according to the poll. That’s down from about 8 in 10 in February, before the war began.
Here's the latest:
In New Delhi’s chaotic traffic, where the backs of auto-rickshaws sometimes double as mobile billboards, some commuters are now being greeted by an unlikely face: U.S. President Donald Trump.
Splashed beneath his portrait is the slogan, “Happy Birthday America!”
About 100 auto-rickshaws carrying large images of Trump and the Statue of Liberty have appeared across the Indian capital in recent weeks. In a city where the backs of thousands of three-wheelers are routinely covered with ads for little-known fertility clinics, English-speaking courses and herbal remedies, the American branding stands out.
The unusual advertising campaign was unveiled last month by Sergio Gor, the U.S. ambassador to India. It’s part of a broader push by the U.S to mark the 250th anniversary of American independence, with celebrations, cultural events and public outreach campaigns planned in several countries.
Announcing the initiative on social media last month, the U.S. Embassy posted, “Freedom is on the move … literally!”
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Cuba’s deputy foreign minister, Carlos F. de Cossío, took to X on Wednesday after U.S. Secretary of State Marco Rubio posted a video blaming the socialist government for the suffering of the Cuban people.
“The reason the US Secretary of State lies so repeatedly and unscrupulously about Cuba and tries to justify the aggression he inflicts on the Cuban people is not ignorance or incompetence. He knows full well that there is no excuse for such cruel and ruthless aggression,” Cossío wrote.
Rubio, who spoke in Spanish in the video, denied that a U.S. energy blockade is to blame for daily outages lasting up to 22 hours.
“The real reason you don’t have electricity, fuel or food is because those who control your country have plundered billions of dollars, but nothing has been used to help the people,” Rubio claimed.
In January, President Trump threatened tariffs on any country that sells or provides oil to Cuba, which recently announced it has no more oil reserves.
U.S. Secretary of State Marco Rubio is urging the Cuban people to reject their current socialist government and demand a free-market economy with new leadership he says will chart a new course in relations with the United States.
In a video message released Wednesday, Rubio said there’s no reason the Cuban people cannot enjoy the same freedoms that others in the Caribbean have.
“This is not impossible,” he said in a Spanish-language post that was recorded Tuesday ahead of an expected indictment of former Cuban President Raul Castro by the Department of Justice.
“If owning your own business and having the right to vote is possible around Cuba, why is it not possible for you in Cuba?” Rubio asked.
“In the U.S., we are ready to open a new chapter in the relationship between our people and our countries,” he said. “And, currently, the only thing standing in the way of a better future are those who control your country.”
In a Republican-led Congress defined by deference to President Trump, there’s a small but steadily growing cohort who’ve found themselves more willing to break with the White House. Although the president maintains a firm grip on Republican voters, the expanding club could hinder his agenda on everything from the Iran war to immigration funding at a moment when his party holds a tenuous majority on Capitol Hill.
Sen. Bill Cassidy of Louisiana is the newest member of the club. Just days after losing his primary to a Trump-backed challenger, Cassidy on Tuesday reversed himself on legislation involving the war in Iran and voted with Democrats to rein in U.S. military action.
Sen. John Cornyn of Texas could be next after Trump endorsed Ken Paxton, Cornyn’s rival for the Republican nomination in next week’s runoff.
Rep. Thomas Massie of Kentucky is perhaps a founding member of the YOLO caucus, having frustrated Trump since the president’s first term, and his status was solidified after losing his primary Tuesday to a Trump-backed challenger. Massie has enraged Trump by voting against his signature tax and spending bill and by pushing for the release of the Jeffrey Epstein files.
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The renegade Republican who rose to prominence as an idiosyncratic and stubborn outlier in his party, popular in the Kentucky district that repeatedly sent him to the House, lost his primary bid for reelection Tuesday after a vicious and costly attack by President Trump.
The stunning outcome caps a career like few others and shows the extent of the president’s ability to badger, badmouth and eventually boot out his political adversaries — and that no lawmaker is apparently safe. Massie’s defeat comes after the Trump-led ouster of Sen. Bill Cassidy in Louisiana over the weekend and the president’s endorsement Tuesday of Texas Attorney General Ken Paxton in his challenge to Sen. John Cornyn, which sent chills through the Senate.
Trump had reserved his fiercest attacks for Massie, a quirky conservative who’d become among the most powerful rank-and-file Republicans in the House because of his willingness to vote as he pleased, rather than as the party demanded. And now he’s been toppled like so many other Republicans who crossed the president.
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The issue of immigration may be reemerging as an asset for Trump, a new AP-NORC poll suggests.
Immigration was one of Trump’s strengths early on, with about half of U.S. adults saying they liked his approach, but approval of his handling of the issue dipped after months of aggressive immigration enforcement.
Now, just under half of U.S. adults, 45%, approve of how he is handling that issue.
Immigration remains one of Trump’s stronger issues among Republicans. About 8 in 10 — 83% — approve of his handling of the issue, which is slightly higher than the share that says he’s doing a good job as president.
Republicans are unhappier with President Trump’s economic approach than they were a few months ago, but they’re largely continuing to stand behind him.
About 6 in 10 Republicans — 63% — approve of how Trump is handling the economy in a new AP-NORC poll. That’s down from 79% in February, before the Iran war began.
About one-third of U.S. adults overall approve of how he is handling the economy.
That erosion isn’t translating to his overall job approval — roughly 7 in 10 Republicans approve of how he’s handling the presidency, similar to earlier this year. The findings highlight Trump’s continued strength within the Republican Party, even as economic frustration grows.
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The earliest signals of a presidential race normally involve such subtle and behind-the-scenes positioning from candidates that it’s been dubbed in political circles as the “shadow primary.”
But the early Republican race to succeed Trump in just over two years’ time seems to be already playing out in one of the most public forums possible: the White House press briefing room.
Vice President JD Vance, who is seen as one of the GOP’s strongest potential candidates for president in 2028, stepped up to the lectern on Tuesday, holding the spotlight for 54 minutes as he took questions from reporters.
It was five minutes longer than the turn taken two weeks ago by Secretary of State Marco Rubio, the person currently seen as Vance’s possible chief rival — or running mate — in 2028.
Vance and Rubio were tapped to fill in as temporary replacements for White House press secretary Karoline Leavitt, who is on maternity leave. The chance to parry questions before news cameras was a high-profile opportunity to try to make a case that they should be elected commander-in-chief.
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The U.S. government will permanently drop tax claims against Trump, according to a settlement document made public Tuesday, in an extraordinary use of executive power that could effectively help shield the president from further examination of his finances and legal conduct.
As part of the settlement deal meant to resolve Trump’s $10 billion lawsuit against the Internal Revenue Service over the leak of his tax returns, the U.S. is “forever barred and precluded” from examining or prosecuting Trump, his sons and the Trump organization’s current tax examinations, according to a one-page document posted to the Justice Department’s website.
The government is also barred from looking into Trump’s family, affiliates and others, according to the document, which is signed by acting Attorney General Todd Blanche. That document is a separate addendum from the original settlement announced Monday, and was quietly added to the Justice Department website on Tuesday.
The White House referred Associated Press inquiries to the Justice Department, and the U.S. Treasury did not respond to Associated Press requests for comment.
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Georgia Republicans will keep duking it out among themselves as they head toward a runoff to pick their candidates for governor and U.S. Senate in the battleground state after Tuesday’s primary failed to produce outright victors.
The Senate runoff will feature former college football coach Derek Dooley and Rep. Mike Collins, while Rep. Buddy Carter was knocked out of the race. The winner will go up against Democratic Sen. Jon Ossoff in one of the most closely watched campaigns in the November midterm elections.
Lt. Gov. Burt Jones and healthcare billionaire Rick Jackson advanced to the runoff in the Republican primary for governor, extending their bruising and expensive campaign battle. Former Atlanta Mayor Keisha Lance Bottoms clinched the Democratic nomination on Tuesday.
With about a month to go until the June 16 runoff, Republicans will spend more time and money competing among themselves before they turn their attention to their Democratic opponents in key races.
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Alabama will get a rematch between two high-profile nominees for governor, while candidates of both major parties will head to runoff elections next month for an open U.S. Senate seat.
Republican U.S. Sen. Tommy Tuberville and former U.S. Sen. Doug Jones, a Democrat, easily won their respective primaries for governor on Tuesday, setting up their second head-to-head contest after Tuberville unseated Jones six years ago.
Jones was elected to the U.S. Senate in a special election in 2017, but his time in office was short-lived in the heavily Republican state. He is hoping voters’ frustrations with their Republican-dominated government, including on issues like healthcare and the rising cost of living, will propel him to another rare Democratic victory in the Deep South.
Tuberville’s decision to enter the governor’s race ignited a fierce battle among Republicans for an open Senate seat that is all but certain to stay red.
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Trump scored another win Tuesday against a Republican rival, dislodging Rep. Thomas Massie in Kentucky’s primary and knocking out one of his most outspoken critics on Capitol Hill.
Massie has been a particularly difficult thorn in Trump’s side. He pushed for the release of the Jeffrey Epstein files, opposed the war with Iran and voted against Trump’s signature tax legislation last year. He lost to Trump-backed challenger Ed Gallrein following the most expensive U.S. House primary in history.
While Trump has racked up several wins this primary season, this one perhaps sends an even more forceful message to the president’s Republican critics. Massie was entrenched in his deep-red Kentucky district before his feud with Trump exploded, cutting short a congressional career that began in 2012.
Still, Massie will remain in Congress until his term ends in January, and without a Republican primary on the horizon, he now has a freer hand than ever to antagonize Trump.
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Rep. Thomas Massie, R-Ky., reacts as he speaks during an election night watch party after losing the Republican party's nomination at the Marriott Cincinnati Airport, Tuesday, May 19, 2026, in Hebron, Ky. (AP Photo/Carolyn Kaster)
President Donald Trump and first lady Melania Trump greet attendees of the annual Congressional Picnic on the South Lawn, at the White House, Tuesday, May 19, 2026, in Washington. (AP Photo/Manuel Balce Ceneta)
