BEVERLY HILLS, Calif.,
March 27, 2019 /PRNewswire/ --
Thornton Law Firm LLP announces that it is investigating a
potential securities class action on behalf of purchasers of the
securities of Cango Inc. (NYSE ticker: CANG) pursuant to, or
traceable to, Cango's July 2018 initial public offering
("IPO"). The investigation involves possible violations of the
federal securities laws by Cango. Cango shareholders may have
suffered significant financial damages as a result of recent
disclosures by Cango after the IPO occurred.
If you purchased Cango Inc. American depository shares ("ADSs")
pursuant to or traceable to the IPO in July
2018, you may have a claim for damages resulting from
misstatements in the Cango IPO prospectus and registration
statement. If you are interested in pursuing this claim, or to
discuss your legal rights, please email shareholder@tenlaw.com, or
call 617-720-1333.
Cango provides automotive transaction services in China, and conducted an IPO of approximately
four million shares. Cango is based in China and its ADSs trade on the New York Stock
Exchange.
Thornton Law Firm's securities attorneys specialize in
representing individual shareholders and institutional investors in
recovering damages caused by corporate wrongdoing or fraud. Its
attorneys have decades of experience litigating securities cases in
courts throughout the country and have a proven track record of
recovering losses on behalf of shareholders.
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SOURCE Thornton Law Firm, LLP