LOS ANGELES, CA / ACCESSWIRE / April 8, 2017 / Lundin Law PC , a shareholder rights firm, announces the filing of a class action lawsuit against Wins Finance Holdings Inc. ("Wins Finance" or the "Company") (NASDAQ: WINS) concerning possible violations of federal securities laws between October 29, 2015 and March 29, 2017 inclusive (the "Class Period"). Investors who purchased or otherwise acquired shares during the Class Period should contact the firm prior to the June 5, 2017 lead plaintiff motion deadline.
No class has been certified in the above action. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member.
According to the Complaint, throughout the Class Period, Wins Finance issued materially false and misleading statements regarding its projected earnings, valuation, and future business operations, which artificially inflated its securities prices. It is alleged, for example, that Wins Finance falsely stated it maintained a U.S. headquarters in order to gain inclusion on the Russell indices when its headquarters are actually located in China, among other market manipulations during the Class Period. When this information was released to the public, shares of the Company lowered in value.
Lundin Law PC was founded by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders' rights.
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SOURCE: Lundin Law PC