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Stock impact report

Robbins Arroyo LLP: Uxin Limited (UXIN) Misled Shareholders According to a Recently Filed Class Action

Uxin Limited - American Depositary Shares (UXIN) 
Last uxin limited - american depositary shares earnings: 3/14 12:30 am Check Earnings Report
Company Research Source: Business Wire
SAN DIEGO & BEIJING--(BUSINESS WIRE)-- Shareholder rights law firm Robbins Arroyo LLP announces that purchasers of Uxin Limited (NasdaqGS: UXIN) filed a class action complaint on February 11, 2019, against the company for alleged violations of the Securities Act of 1933 pursuant to the company's June 27, 2018 initial public offering ("IPO"). Uxin is a used car e-commerce platform in China. View this information on the law firm's Shareholder Rights Blog: https://www.robbinsarroyo.com/uxin-limited-feb-19-2/ Uxin Accused of Inflating its IPO Price According to the complaint, Uxin held its IPO in June 2018, and generated over $205 million in proceeds based on misleading offering documents. In particular, Uxin failed to disclose that the company would stop providing complementary services to its customers and instead connect consumers to dealers who would provide such services. As a result, Ux Show less Read more
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