UPDATE 1-Luckin Coffee in $175 mln class action settlement over accounting fraud - NewsBreak

NEW YORK, Oct 26 (Reuters) - Luckin Coffee Inc reached a $175 million settlement of shareholder class-action claims that the Chinese rival to Starbucks fraudulently inflated its share price by falsifying revenue. Lawyers for the shareholders called the all-cash settlement, filed on Monday night, an "excellent result," citing Luckin's liquidation...