Automotive

Investors bring class action against Uxin

By Tom Marling / Automotive/ Insiders
20 Feb 2019

Investors bring class action against Uxin  

Chinese c-to-b and b-to-b used auto platform Uxin (Nasdaq: XIN) is facing a class action lawsuit brought by investors in the company’s IPO on the Nasdaq in June. The suit is being brought by New York-based Zhang Investor Law. According to the lawsuit, Uxin’s registration statement for its IPO was “false and/or misleading” and/or failed to disclose that: (1) Uxin was likely to stop providing complementary services...

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