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Case Status:    ONGOING    
On or around 02/12/2019 (Ongoing date of last review)

Filing Date: February 11, 2019

According to the Complaint, Uxin is a used car e-commerce platform in China. The Company has two segments: Uxin Auction (or 2B business) sells used cars to dealers, and Uxin Used Car (or 2C business) sells used cars to consumers.

On May 29, 2018, Uxin filed a Form F-1 with the SEC, which forms part of the Registration Statement. After a series of amendments, the Registration Statement became effective on June 26, 2018. On June 28, 2018, Uxin filed with the SEC its IPO prospectus, which forms part of the Registration Statement.

The Complaint alleges that 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.

COMPANY INFORMATION:

Sector: Services
Industry: Business Services
Headquarters: China

SECURITIES INFORMATION:

Ticker Symbol: UXIN
Company Market: NASDAQ
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: E.D. New York
DOCKET #: 19-CV-00822
JUDGE: Hon. Raymond J. Dearie
DATE FILED: 02/11/2019
CLASS PERIOD START: 06/27/2018
CLASS PERIOD END: 02/11/2019
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. The Rosen Law Firm P.A. (New York)
    275 Madison Avenue, 34th Floor, The Rosen Law Firm P.A. (New York), NY 10016
    (212) 686-1060 (212) 202-3827 ·
No Document Title Filing Date
—Reference Complaint Complaint Related Data is not available
—Related District Court Filings Data is not available