The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced on behalf of investors who purchased or otherwise acquired American Depositary Shares of Uxin Limited (“Uxin”) (NASDAQ: UXIN) pursuant and/or traceable to the Company’s false and/or misleading registration statement and prospectus issued in connection with the Company’s June 27, 2018 initial public offering.
The complaint alleges that the Registration Statement contained materially false and misleading statements and/or failed to disclose that: (1) the Company was likely to stop providing complementary services such as inspections to its customers; (2) instead, the Company would connect consumers to dealers who would provide such complementary services; (3) as a result, the Company’s 2B business would be materially impacted; and (4) as a result of the foregoing, Defendants’ statements in the Registration Statement regarding Uxin’s business, operations, and prospects, were materially false and/or misleading.
If you purchased Uxin securities pursuant to the Registration Statement 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 that you serve as a lead plaintiff.
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