![](https://clsbluesky.law.columbia.edu/wp-content/uploads/sites/2/2018/11/barnett-e1542723890392.jpg?w=160&h=219&crop=1)
Lessons from Luckin Coffee: The Underappreciated Risks of Variable Interest Entities
On April 2, China’s Luckin Coffee announced that some of its employees, including the chief operating officer, had fabricated over $300 million in reported revenues. On April 21, the Securities and Exchange Commission and the U.S. Public Company Accounting Oversight …