Glancy Prongay & Murray LLP Announces Investigation on Behalf of Uxin Limited Investors
LOS ANGELES--(BUSINESS WIRE)--Dec 7, 2018--Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of Uxin Limited (“Uxin” or the “Company”) (NASDAQ: UXIN ) investors concerning the Company and its officers’ possible violations of federal securities laws.
On November 19, 2018, the Company reported that transaction volume for one of its business segments had declined 8.5% year-over-year and gross merchandise value had declined 14.8% due to its “recent change of approach in serving customers with car-selling needs.”
On this news, the Company’s ADS price fell $0.60 per share, or more than 11%, to close at $4.50 per share on November 20, 2018, thereby injuring investors.
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If you purchased Uxin, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to email@example.com, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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View source version on businesswire.com:https://www.businesswire.com/news/home/20181207005593/en/
CONTACT: Glancy Prongay & Murray LLP, Los Angeles/New York
Lesley Portnoy, 310-201-9150 or 888-773-9224
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL
SOURCE: Glancy Prongay & Murray LLP
Copyright Business Wire 2018.
PUB: 12/07/2018 08:47 PM/DISC: 12/07/2018 08:47 PM