Fanhua class action lawsuit granted motion to dismiss

Guangzhou, china, march 16, 2020 (globe newswire) -- fanhua inc. (“fanhua” or “the company”) (nasdaq: fanh), a leading independent financial services provider in china, today announced that the united states district court for the southern district of new york (the “court”) has granted in its entirety the company’s motion to dismiss the class action lawsuit originally filed on september 7, 2018 against fanhua and three of its current or former executive officers and closed the case.
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