Lufax Drops 14%, Faces Class Action After PwC Quits Over Hidden Transactions
Chinese fintech Lufax lost 14% of its NYSE-listed stock value in January 2025 after PwC resigned, citing undisclosed related-party transactions for 2022–2023. A securities class action followed in April 2026, filed by Hagens Berman. The case is now a reference point for global investors assessing audit risk in cross-listed Chinese companies.
Salvado•