- Noteholders owed $460 million will get $320 million in cash and new debt, according to court documents
- The plan also settles many of the lawsuits filed by shareholders after Luckin was accused of intentionally fabricating more than $300 million in sales, mostly in China, where it is based
- Company officials continue to fight some of the shareholder lawsuits
- Last year, creditors filed a bankruptcy petition against Luckin ...
Luckin Coffee Wins U.S. Approval for $460m Debt Restructuring
Dec. 16, 2021, 5:22 PM