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NASDAQ: FANH Shareholder Notice: November 6th Deadline in Lawsuit Against Fanhua Inc.

Via: ReleaseWire

Updated 11:30 AM CST, Tue, November 06,2018

A Deadline is coming up on November 6, 2018 in the lawsuit for investors in Fanhua Inc. NASDAQ: FANH and NASDAQ: FANH stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWIRE) -- 11/06/2018 -- The Shareholders Foundation announces that a deadline is coming up on November 6, 2018 in the lawsuit filed for certain investors of Fanhua Inc. (NASDAQ: FANH) over alleged securities laws violations by Fanhua Inc.

Investors who purchased shares of Fanhua Inc. (NASDAQ: FANH) have certain options and there are strict and short deadlines running. Deadline: November 6, 2018. NASDAQ: FANH stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The plaintiff alleges on behalf of purchasers of Fanhua Inc. (NASDAQ: FANH), that the Defendants made false and/or misleading statements and/or failed to disclose that Fanhua engaged in improper business practices, including irregular accounting, that the foregoing practices were intended to benefit Company insiders and overstated Fanhua's financial assets and performance metrics, and that as a result, Fanhua's public statements were materially false and misleading at all relevant times.

On August 27, 2018, Seeking Alpha published a report on Fanhua by Seligman Investments. The report labeled 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 report stated that it was "deeply concerned about the company's business practices[,]" including its history of alleged fraud, the transferal of cash to insiders via related-party transactions, accounting discrepancies and questionable revenues and earnings.

Those who purchased shares of Fanhua Inc. (NASDAQ: FANH) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

For more information on this press release visit:
http://www.sbwire.com/press-releases/nasdaq-fanh-shareholder-notice-november-6th-deadline-in-lawsuit-against-fanhua-inc-1080799.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com