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CNinsure Class Action Lawsuit Filed Over Alleged Securities Law Violations

CNinsure CISG Common American Depositary Share (“ADSs”) Purchasers File Securities Fraud Class Action Lawsuit Complaint Against CNinsure.

A class action lawsuit complaint has reportedly been filed against CNinsure Inc. (“CNinsure”) and certain CNinsure Inc. officers and directors (collectively “Defendants”) in the United States District Court for the Southern District of New York, alleging, among other things, that CNinsure issued materially false and misleading statements by allegedly overstating its net income by understating the costs associated with tNinsure’s scorecard system and that CNinsure failed to account for incentives provided to the CNinsure’s agents as costs since those incentives were reasonably likely to be tendered at a future date, purportedly in violation of federal securities laws, including the Securities Exchange Act of 1934, according to CNinsure securities fraud class action lawsuit news reports.

The CNinsure securities fraud class action lawsuit complaint is reportedly brought on behalf of a putative class consisting of purchasers of CNinsure CISG American Depositary Shares ADSs during the period between March 2, 2010 and September 14, 2011 (the “Class Period”).

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