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Stock impact report

Robbins Arroyo LLP: Uxin Limited (UXIN) Misled Shareholders According to Lawsuit

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 (Nasdaq: UXIN) filed another class action complaint against Uxin Limited for alleged violations of the Securities Act of 1933 pursuant to its June 27, 2018 initial public offering ("IPO"). Uxin is the largest used car e-commerce platform in China. View this information on the law firm's Shareholder Rights Blog: https://www.robbinsarroyo.com/uxin-limited-may-19/ Uxin Accused of Inflating its IPO Price According to the complaint, leading up to the IPO, Uxin claimed that it was experiencing rapid growth in both its consumer-aimed and business-focused segments. Based on its misleading registration documents, Uxin held its IPO in June 2018, and generated over $205 million in proceeds. In particular, Uxin failed to disclose that the company would stop providing complem Show less Read more
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