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New Federal Securities Cases

Fanhua, Inc.

A class action lawsuit has been filed in the United States District Court for the Southern District of New York against Fanhua, Inc. ("Fanhua" or the "Company") (NASDAQ: FANH), on behalf of investors who acquired Fanhua securities during the period from April 20, 2018 through August 27, 2018 (the "Class Period"). The lawsuit seeks to recover damages under the federal securities laws.

Founded in 1998, Fanhua (formerly known as "CNinsure Inc.") is a leading independent online-to-offline financial services provider. Through its online platforms and offline sales and service network, Fanhua offers a wide variety of life and property and casualty insurance products, and provides insurance claims adjusting services.

The lawsuit alleges that throughout the Class Period, Fanhua engaged in improper business practices, including irregular accounting, which were intended to benefit Company insiders and overstate Fanhua's financial assets and performance metrics.

On August 27, 2018, stock analyst Seligman Investments published an article that described Fanhua as a "questionable company" and detailed a history of alleged fraud within the Company, including accounting irregularities in the Company's second quarter 2018 financial results. The article also described "company insiders" engaging in "self-dealing tactics", and asserted that Fanhua's "numerous acquisitions, mostly of other insurance intermediaries . . . are rife with related-party abuses." On this news, Fanhua's ADS price fell from $26.16 to $23.40 per ADS, damaging investors.

If you acquired Fanhua securities during the Class Period, you may, no later than November 6, 2018, request that the court appoint you lead plaintiff of the Class. Although your ability to share in any recovery is not affected by the decision whether or not to seek appointment as a lead plaintiff, lead plaintiffs make important decisions that could affect the overall recovery for class members, including decisions concerning settlement.

If you are a current or former Fanhua shareholder and wish to obtain additional information, please fill out the contact form at the link below.


Investigation Contact Form

Fanhua, Inc. Investor Contact Form



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