News Non-Life07 Apr 2020

China:Insurers could refuse to pay D&O liability claims in massive fraud scandal

07 Apr 2020

Insurers are seen as unlikely to pay out on D&O liability cover for Xiamen-headquartered Nasdaq-listed Luckin Coffee which was found to have fabricated sales figures by as much as CNY2.2bn ($310m) or 40% of its projected 2019 sales.

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