Uxin Securities Settlement

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Uxin Securities Settlement
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The information contained on this web page is only a summary of information presented in more detail in the Notice of Pendency and Proposed Settlement of Class Action (the “Notice”), which you can access by clicking Notice.  Since this website is just a summary, you should review the Notice for additional details.

Court-appointed Plaintiffs Saleh Doron Gahtan and Daniel Chiu (“Federal Court Plaintiffs”) and Plaintiffs Adam Franchi, Raul Araujo, Lei Liang, and Mark Lee (“State Court Plaintiffs,” and with the Federal Court Plaintiffs, “Plaintiffs”), on behalf of themselves and the Settlement Class, have reached a proposed settlement of the Action for $9.5 million in cash that, if approved, will resolve all claims in the Actions (“Settlement”).

If you are a member of the Settlement Class, your rights will be affected and you may be eligible for a payment from the Settlement, unless you timely request to be excluded.  The Settlement Class consists of:

all persons who (i) purchased or otherwise acquired Uxin Limited (“Uxin” or the “Company”) American Depository Shares (“ADSs”) from June 27, 2018 through April 16, 2019, inclusive, or (ii) purchased or otherwise acquired Uxin ADSs pursuant or traceable to Uxin’s Registration Statements and Prospectus for Uxin’s June 27, 2018 Initial Public Offerting (“IPO”).

Included in the Settlement Class all persons and entities who purchased or acquired Uxin ADSs during the Settlement Class Period, or pursuant or traceable to Uxin’s IPO, you are a Settlement Class Member. As set forth in the Stipulation, excluded from the Settlement Class are Defendants, the officers, directors of Uxin or the Underwriter Defendants (at all relevant times), members of their immediate families, and their legal representatives, heirs, successors or assigns, and any entity in which any Defendant has a controlling interest; provided, however, that any Investment Vehicle shall not be excluded from the Settlement Class.  Also excluded from the Settlement Class are those Persons who would otherwise be Settlement Class Members but who timely and validly exclude themselves therefrom.

Please read the Notice to fully understand your rights and options. Copies of the Notice and Claim Form can be found in the menu on the left of this page.

Payments to eligible claimants will be made only if the Court approves the Settlement and a Plan of Allocation, only after any appeals are resolved, and after the completion of all claims processing. Please be patient, as this process will take some time to complete.


Please read the Notice carefully.  If you have questions, you may call the Uxin Limited Securities Settlement Help Line at 877-777-9588 or email info@UxinSecuritiesSettlement.com.



YOUR LEGAL RIGHTS AND OPTIONS IN THIS SETTLEMENT

Submit a Proof of Claim and Release Form

Proofs of Claim and Release Forms must be postmarked (if mailed) or received (if submitted online) on or before August 11, 2021.  This is the only way to get a payment.

Exclude Yourself from the Class

Submit a request for exclusion no later than July 12, 2021. This is the only way you can ever be part of any other lawsuit against the Defendants or the other Released Parties relating to the legal claims in this case. If you exclude yourself, you will receive no payment and cannot object or speak at the hearing.

Object

Write to the Court no later than July 12, 2021, about why you do not like the Settlement. You can still submit a Proof of Claim and Release Form. If the Court approves the Settlement, you will be bound by it.

Go to the Hearing

Ask to speak in Court about the fairness of the Settlement at the hearing on September 7, 2021. You can still submit a Proof of Claim and Release Form. If the Court approves the Settlement, you will be bound by it.

Do Nothing

Get no payment AND give up your right to bring your own individual action relating to the claims asserted in the Actions.

 

 
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