The Klein Law Firm announces that a securities complaint has been filed on behalf of shareholders of Uxin Limited (NASDAQ: UXIN) who purchased ADSs pursuant and/or traceable to the Registration Statement and Prospectus issued in connection with Uxin’s initial public offering (“IPO”) held on or around June 27, 2018.
According to the lawsuit, the Registration Statement was false and/or misleading and/or failed to disclose that: (1) Uxin was likely to stop providing complementary services such as inspections to its customers; (2) instead, Uxin would connect consumers to dealers who would provide such complementary services; (3) as a result, Uxin’s 2B business would be materially impacted; and (4) consequently, defendants’ statements in the Registration Statement concerning Uxin’s business, operations, and prospects, were materially false and/or misleading. When the true details entered the market, the lawsuit claims that investors suffered damages.
If you suffered a loss in Uxin you have until April 12, 2019 to request that the court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require you serve as a lead plaintiff.
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