Bragar Eagel & Squire, P.C. announces that a class action lawsuit has been filed in the U.S. District Court for the Southern District of New York on behalf of all persons or entities who purchased or otherwise acquired Wins Finance Holdings, Inc. (NASDAQ:WINS) securities between October 29, 2015 and March 29, 2017 (the “Class Period”). Investors have until June 5, 2017 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
The Complaint alleges that throughout the Class Period, Wins made materially false and/or misleading statements regarding its projected earnings, valuation, and future business operations in order to artificially inflate the price of Wins securities.
On March 30, 2017, Seeking Alpha reported that Wins is under investigation by the Securities and Exchange Commission for “market manipulation.” Additionally, the Company misled investors about business operations and the existence of its headquarters locations in New York and Hong Kong in order to gain inclusion on the Russell indexes, further inflating the price of Wins securities.
Following this news, Wins shares fell $79.42 per share, or over 35.3%, to close at $144.99 on March 31, 2017.
If you purchased or otherwise acquired Wins securities during the Class Period and suffered a loss or continue to hold shares purchased prior to the Class Period, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker, Esq. by email at email@example.com, or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation. For additional information concerning the Wins lawsuit, please go to www.bespc.com/wins. For additional information about Bragar Eagel & Squire, P.C., please go to www.bespc.com.