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Uxin Limited (UXIN) - Bronstein, Gewirtz & Grossman, LLC Reminds Shareholders of Class Action

NEW YORK, NY / ACCESSWIRE / February 24, 2019 / Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Uxin Limited ("Uxin" or the "Company") (UXIN) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired Uxin securities pursuant and/or traceable to the Company's June 27, 2018, initial public offering ("IPO"). Such investors are encouraged to join this case by visiting the firm's site: www.bgandg.com/uxin.

This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1933.

The Complaint alleges that Defendants made materially false and misleading statements and/or failed to disclose material adverse information in its filings with the U.S. Securities and Exchange Commission in connection with its IPO.

A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firm's site: www.bgandg.com/uxin or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in UXIN you can request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:

Bronstein, Gewirtz & Grossman, LLCPeretz Bronstein or Yael Hurwitz

212-697-6484 | info@bgandg.com

SOURCE: Bronstein, Gewirtz & Grossman, LLC

View source version on accesswire.com: https://www.accesswire.com/536647/Uxin-Limited-UXIN--Bronstein-Gewirtz-Grossman-LLC-Reminds-Shareholders-of-Class-Action

02

The Latest: Victims disappointed by lack of concrete action

Updated 10:15 am PST, Sunday, February 24, 2019

Pope Francis celebrates Mass at the Vatican, Sunday, Feb. 24, 2019. Pope Francis celebrated a final Mass to conclude his extraordinary summit of Catholic leaders summoned to Rome for a tutorial on preventing clergy sexual abuse and protecting children from predator priests. The Mass was celebrated Sunday in the Sala Regia, one of the grand, frescoed reception rooms of the Apostolic Palace. (Giuseppe Lami/Pool Photo via AP) less Pope Francis celebrates Mass at the Vatican, Sunday, Feb. 24, 2019. Pope Francis celebrated a final Mass to conclude his extraordinary summit of Catholic leaders summoned to Rome for a tutorial on preventing ... more Photo: Giuseppe Lami, AP

The Latest: Victims disappointed by lack of concrete action

VATICAN CITY (AP) — The Latest on Pope Francis' summit at the Vatican on preventing clergy sex abuse (all times local):

1:55 p.m.

The Vatican has announced it will soon issue a child protection policy and guidelines for preventing sexual abuse of minors for Vatican City State.

The Associated Press reported last year that Vatican City, the headquarters of the global Catholic Church, had no such policy.

The Rev. Federico Lombardi, the moderator of Pope Francis' summit on abuse prevention, announced at the summit's end Sunday that the Vatican in the near future would issue a new law covering the Roman Curia, or bureaucracy, and be in effect in Vatican City.

The lack of a policy was significant, since the Holy See had tasked bishops conferences around the world in 2011 with creating written child protection guidelines. It had also told the United Nations in 2014 that a written child protection policy was in the works.

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1:15 p.m.

Pope Francis may have ended his clergy sex abuse prevention summit at the Vatican, but a scandal over an Argentine bishop close to him is only gaining steam.

The Associated Press has reported that the Vatican knew as early as 2015 about Bishop Gustavo Zanchetta's inappropriate behavior with seminarians. Yet he was allowed to stay as bishop of Oran on until August 2017, when he resigned suddenly, only to be given a top job at the Vatican by the pope.

Diocesan documents published by the Tribune of Salta newspaper show that the original 2015 complaint reported that Zanchetta had gay porn involving "young people" having sex on his phone. Their age isn't clear.

Francis told his summit Sunday that Vatican laws criminalizing possession of child porn involving children under 14 should change to raise the age and expand the protections for minors.

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11 a.m.

Pope Francis has concluded his extraordinary summit on preventing clergy sex abuse by vowing to confront abusers with "the wrath of God," end the cover-ups by their superiors and prioritize victims of this "brazen, aggressive and destructive evil."

Francis delivered his remarks at the end of Mass on Sunday before 190 Catholic bishops and religious superiors summoned to Rome after a renewed explosion of the clergy abuse scandal sparked a credibility crisis in the Catholic hierarchy and in Francis' own leadership.

The Jesuit pope noted that the vast majority of sexual abuse happens in the family. But he said the evil of sexual abuse of children becomes even more scandalous when it occurs in the Catholic Church "for it is utterly incompatible with her moral authority and ethical credibility."

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9 a.m.

Pope Francis is celebrating a final Mass to conclude his extraordinary summit of Catholic leaders summoned to Rome for a tutorial on preventing clergy sexual abuse and protecting children from predator priests.

The Mass was being celebrated Sunday in the Sala Regia, one of the grand, frescoed reception rooms of the Apostolic Palace.

Australian Archbishop Mark Coleridge was delivering the homily; Francis was to offer final remarks at the end of Mass.

Francis summoned 190 presidents of bishops conferences and religious superiors from around the world to attend the four-day meeting to impress upon them that clergy sex abuse and the cover-up of it is a global problem that threatens the very mission of the Catholic Church.

03

CLASS ACTION UPDATE for ARLO, MAXR, GE and MHLD: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders

NEW YORK, Feb 24, 2019 (GLOBE NEWSWIRE via COMTEX) -- NEW YORK, Feb. 24, 2019 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court and further details about the cases can be found at the links provided. There is no cost or obligation to you.

Arlo Technologies, Inc. ARLO, -1.72% Class Period: Investors who purchased shares pursuant and/or traceable to the Company's Registration Statement and Prospectus issued in connection with the August 3, 2018 Initial Public Offering Lead Plaintiff Deadline: March 25, 2019 Join the action: https://www.zlk.com/pslra-1/arlo-technologies-inc-loss-form?wire=3

The filed complaint alleges that the Registration Statement made materially false and/or misleading statements and/or failed to disclose that: (i) there was a flaw and/or quality issue with Arlo's newly designed battery for its Ultra camera systems; (ii) this flaw and/or quality issue with the Ultra battery could result in a shipping delay of Arlo's Ultra product; (iii) such a shipping delay endangered Arlo's chances of launching the Ultra product in time for the crucial holiday season; (iv) such a shipping delay would allow Arlo's competitors to capitalize on the Ultra product's missed launch, thereby increasing their own market share; (v) Arlo's consumers had been experiencing battery drain issues and other battery-related issues in connection with recent firmware updates; (vi) because of the foregoing, Arlo's fourth quarter 2018 results and consumer base would be negatively impacted; and (vii) as a result, Arlo's Registration Statement was materially false and misleading at all relevant times.

To learn more about the Arlo Technologies, Inc. class action contact jlevi@levikorsinsky.com.

Maxar Technologies Inc. MAXR, +7.85% Class Period: March 29, 2018 - January 7, 2019 Lead Plaintiff Deadline: March 15, 2019 Join the action: https://www.zlk.com/pslra-1/maxar-technologies-inc-loss-form?wire=3

The lawsuit alleges: Maxar Technologies Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) Maxar improperly inflated the value of its intangible assets, among other accounting improprieties; (ii) Maxar's highly-valued WorldView-4 was equipped with CMGs that were faulty and/or ill-suited for their designed and intended purpose; and (iii) as a result, Maxar's public statements were materially false and misleading at all relevant times.

To learn more about the Maxar Technologies Inc. class action contact jlevi@levikorsinsky.com.

General Electric Company GE, +1.40% Class Period: December 27, 2017 - October 29, 2018 Lead Plaintiff Deadline: April 2, 2019 Join the action: https://www.zlk.com/pslra-1/general-electric-company-loss-form?wire=3

The lawsuit alleges that, during the class period, General Electric Company made materially false and/or misleading statements and/or failed to disclose that: (i) the design and technology of GE Power's flagship gas turbines were structurally flawed as they were plagued with an oxidation problem that caused the blades in the H-Class gas turbines to fail; (ii) GE Power's goodwill was materially overstated, in large part because of such structural issues; (iii) the Company lacked adequate internal and financial controls; and (iv) as a result of the foregoing, Defendant's public statements were materially false and/or misleading and/or lacked a reasonable basis.

To learn more about the General Electric Company class action contact jlevi@levikorsinsky.com.

Maiden Holdings, Ltd. (nasdaqgs:MHLD) Class Period: March 4, 2014 - November 9, 2018 Lead Plaintiff Deadline: April 12, 2019 Join the action: https://www.zlk.com/pslra-1/maiden-holdings-ltd-loss-form?wire=3

The complaint alleges that during the Class Period, defendants misrepresented the quality and nature of Maiden's underwriting and risk management policies and practices and the risks of its reinsurance portfolio. In particular, defendants misleadingly claimed that they were subjecting AmTrust's insurance portfolio to robust analysis and cross-checks to ensure that the Company had appropriately priced the risk of reinsuring AmTrust's insurance portfolio. In truth, the Company had failed to employ sufficient underwriting and risk management protocols and had largely abdicated its responsibility to ensure that its AmTrust Reinsurance segment priced policies commensurate with the risk assumed by the Company.

To learn more about the Maiden Holdings, Ltd. class action contact jlevi@levikorsinsky.com.

You have until the lead plaintiff deadlines to request the court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

Levi & Korsinsky is a national firm with offices in New York, California, Connecticut, and Washington D.C. The firm's attorneys have extensive expertise and experience representing investors in securities litigation and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT: Levi & Korsinsky, LLP Joseph E. Levi, Esq. 55 Broadway, 10th Floor New York, NY 10006 jlevi@levikorsinsky.com Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.com

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