San Diego, CA -- (SBWIRE) -- 09/17/2018 -- An investor, who purchased shares of Fanhua Inc. (NASDAQ: FANH), filed a lawsuit alleged violations of Federal Securities Laws by Fanhua Inc, formerly known as CNinsure Inc.

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

China based Fanhua Inc. distributes insurance products in China. It operates through two segments, Insurance Agency and Claims Adjusting.

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.

The plaintiff claims that between April 20, 2018 and August 27, 2018, 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.

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

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.