NEW YORK, Jan. 16, 2019 (GLOBE NEWSWIRE) -- Wolf Haldenstein Adler Freeman & Herz LLP , announces it is investigating potential securities claims on behalf of shareholders of Uxin Limited  (“Uxin”) (NASDAQ:UXIN) resulting from allegations that Uxin may have issued materially misleading business information to the investing public. The American Depositary Receipts (“ADR’S) commenced its Initial Public Offering (“IPO”) at $9.00 per share on  June 26, 2018.

On November 19, 2018, Uxin reported that the 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 consumers with car-selling needs.”

On this news, the price of Uxin securities fell $0.60 per share or more than 11.7%, to close at $4.50 per share on November 20, 2018.   By  January  15, 2019, the price of Uxin shares had declined even further, closing at $3.58 per share.

If you purchased and incurred losses in shares of Uxin Limited, please call Gregory Stone at (800) 575-0735 or (212) 545-4774, or email to gstone@whafh.com.

Wolf Haldenstein Adler Freeman & Herz LLP has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.

If you wish to discuss this investigation or have any questions regarding your rights and interests in this matter, please immediately contact Wolf Haldenstein by telephone at (800) 575-0735, via e-mail at classmember@whafh.com, or visit our website at www.whafh.com.

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Contact:

Wolf Haldenstein Adler Freeman & Herz LLP
Gregory Stone, Director of Case and Financial Analysis
Email: gstone@whafh.com or classmember@whafh.com
Tel: (800) 575-0735 or (212) 545-4774

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