NEW YORK, NY / ACCESSWIRE / April 7, 2017 / Pomerantz LLP is investigating claims on behalf of investors of Wins Finance Holding, Inc. ("Wins" or the "Company") (NASDAQ: WINS). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 9980.
The investigation concerns whether Wins and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
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On March 31, 2017, Seeking Alpha published an article stating that the U.S. Securities and Exchange Commission is actively investigating Wins Finance for alleged "market manipulation." Additionally, the article states that Wins Finance had tricked the Russell Index into "including WINS based on its Home Country Indicator Test."
On this news, shares of Wins Finance fell $79.42 per share, or 35.39%, from its previous closing price to close at $144.99 per share on March 31, 2017.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Florida, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
SOURCE: Pomerantz LLP
ReleaseID: 459286
