Chronicle Journal: Finance

CLASS ACTION UPDATE for GEO, WRCDF and WINS: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders

NEW YORK, NY / ACCESSWIRE / August 6, 2020 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court. Further details about the cases can be found at the links provided. There is no cost or obligation to you.

GEO Shareholders Click Here: https://www.zlk.com/pslra-1/the-geo-group-inc-loss-submission-form?prid=8425&wire=1
WRCDF Shareholders Click Here: https://www.zlk.com/pslra-1/wirecard-ag-loss-submission-form?prid=8425&wire=1
WINS Shareholders Click Here: https://www.zlk.com/pslra-1/wins-finance-holdings-inc-loss-submission-form?prid=8425&wire=1

* ADDITIONAL INFORMATION BELOW *

The GEO Group, Inc. (NYSE:GEO)

GEO Lawsuit on behalf of: investors who purchased February 27, 2020 - June 16, 2020
Lead Plaintiff Deadline: September 8, 2020
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/the-geo-group-inc-loss-submission-form?prid=8425&wire=1

According to the filed complaint, during the class period, The GEO Group, Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) GEO Group maintained woefully ineffective COVID-19 response procedures; (ii) those inadequate procedures subjected residents of the Company's halfway houses to significant health risks; (iii) accordingly, the Company was vulnerable to significant financial and/or reputational harm; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.

Wirecard AG (OTC PINK:WRCDF)

WRCDF Lawsuit on behalf of: investors who purchased August 17, 2015 - June 24, 2020
Lead Plaintiff Deadline: September 8, 2020
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/wirecard-ag-loss-submission-form?prid=8425&wire=1

According to the filed complaint, during the class period, Wirecard AG made materially false and/or misleading statements and/or failed to disclose that: (1) Wirecard overstated its cash balances during the Class Period, falsely claiming €1.9 billion of cash in a trust account that was missing; (2) Wirecard overstated its financial results during the Class Period, including revenue and EBITDA; (3) Wirecard did not have adequate risk management or countermeasures; (4) the Company's external auditor failed to audit Wirecard in accordance with applicable auditing principles; and (5) as a result, Defendants' statements about Wirecard's business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Wins Finance Holdings Inc. (NASDAQ:WINS)

WINS Lawsuit on behalf of: investors who purchased October 31, 2018 - July 6, 2020
Lead Plaintiff Deadline: September 23, 2020
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/wins-finance-holdings-inc-loss-submission-form?prid=8425&wire=1

According to the filed complaint, during the class period, Wins Finance Holdings Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) the ultimate repayment of the RMB 580 million Guohong Loan was highly uncertain; (ii) nonpayment of the Guohong Loan would have a significant impact on the Company's financial and operating condition; (iii) weaknesses in Wins's internal control over its financial reporting persisted despite the Company's repeated assurances to investors that it was taking steps to remediate these weaknesses; (iv) the foregoing issues, among others, made the resignation of Wins's independent auditor foreseeably likely; and (v) as a result, the Company's public statements were materially false and misleading at all relevant times.

You have until the lead plaintiff deadlines to request that the court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

Levi & Korsinsky is a nationally recognized firm with offices in New York, California, Connecticut, and Washington D.C. The firm's attorneys have extensive expertise and experience representing investors in securities litigation and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

SOURCE: Levi & Korsinsky, LLP



View source version on accesswire.com:
https://www.accesswire.com/600672/CLASS-ACTION-UPDATE-for-GEO-WRCDF-and-WINS-Levi-Korsinsky-LLP-Reminds-Investors-of-Class-Actions-on-Behalf-of-Shareholders

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