Report of Foreign Issuer (6-k)
August 20 2014 - 6:54AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_______________________
FORM 6-K
_______________________
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of August 2014
Commission File Number: 001-33768
_______________________
CNINSURE
INC.
_______________________
22/F, Yinhai Building
No. 299 Yanjiang Zhong Road
Guangzhou, Guangdong 510110
People’s Republic of China
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will
file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F þ
Form 40-F o
Indicate by check mark if the registrant is submitting the Form
6-K in paper as permitted by Regulation S-T Rule 101(b)(1): o
Indicate by check mark if the registrant is submitting the Form
6-K in paper as permitted by Regulation S-T Rule 101(b)(7): o
SIGNATURE
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.
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CNinsure Inc. |
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By: |
/s/ Qiuping Lai |
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Name: |
Qiuping Lai |
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Title: |
President |
Date: August 20, 2014
Exhibit Index
Exhibit No. |
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Description |
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Exhibit 99.1 |
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Press Release |
Exhibit 99.1
![](image_003.jpg) |
IR-170 |
CNinsure Announces Final Court Approval
of Settlement of Class Action Lawsuit
GUANGZHOU, China, August 19, 2014 (GLOBE
NEWSWIRE) -- CNinsure Inc. (Nasdaq: CISG) (the “Company” or “CNinsure”), a leading independent insurance
intermediary company operating in China, today announced that the United States District Court for the Southern District of New
York (the “Court”) has granted final approval of the agreement to settle a consolidated class action lawsuit against
the Company and entered final judgment dismissing the case on August 15, 2014.
The approved settlement resolves all the
claims asserted on behalf of purchasers of its American depository shares between March 2, 2010 and November 21, 2011 in exchange
for a payment of $6.625 million by the Company, which will be covered by insurance proceeds.
The settlement agreement contains no admission
of liability, fault or wrongdoing by the Company. The Company denies any and all of the allegations made against it by the class
in the litigation and has agreed to settle this matter solely to eliminate the uncertainties, risks, costs and burdens of further
protracted proceedings.
“We are pleased to have this matter
resolved and behind us, so that we can now focus on executing our strategies for delivering strong financial results and creating
value for our shareholders over the long run,” said Mr. Chunlin Wang, CNinsure’s chief executive officer.
About CNinsure Inc.
CNinsure is a leading independent insurance
intermediary company operating in China. CNinsure’s distribution network reaches many of China’s most economically
developed regions and affluent cities. The Company distributes a wide variety of property and casualty and life insurance products
underwritten by domestic and foreign insurance companies operating in China, and provides insurance claims adjusting as well as
other insurance-related services.
Forward-looking Statements
This press release contains statements
of a forward-looking nature. These statements are made under the “safe harbor” provisions of the U.S. Private Securities
Litigation Reform Act of 1995. You can identify these forward-looking statements by terminology such as “will,” “expects,”
“believes,” “anticipates,” “intends,” “estimates” and similar statements. These
forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions,
estimates and projections about CNinsure and the industry. Potential risks and uncertainties include, but are not limited to, those
relating to CNinsure’s limited operating history, especially its limited experience in selling life insurance products, its
ability to attract and retain productive agents, especially entrepreneurial agents, its ability to maintain existing and develop
new business relationships with insurance companies, its ability to execute its growth strategy, its ability to adapt to the evolving
regulatory environment in the Chinese insurance industry, its ability to compete effectively against its competitors, and macroeconomic
conditions in China and their potential impact on the sales of insurance products. All information provided in this press release
is as of the date hereof, and CNinsure undertakes no obligation to update any forward-looking statements. Although CNinsure believes
that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that its expectations
will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.
Further information regarding risks and uncertainties faced by CNinsure is included in CNinsure’s filings with the U.S. Securities
and Exchange Commission, including its annual report on Form 20-F.
![](image_003.jpg) |
IR-170 |
For more information, please contact:
Oasis Qiu
Investor Relations Manager
Tel: +86 (20) 6122-2731
Email: qiusr@cninsure.net
Source: CNinsure Inc.
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