NEW YORK--(BUSINESS WIRE)--Scott+Scott, Attorneys at Law, LLP (“Scott+Scott”), a national shareholder and consumer rights litigation firm, reminds investors that a securities lawsuit has been filed against Wins Finance Holdings, Inc. (NASDAQ:WINS) (“Wins” or the “Company”). Shareholders have until June 5, 2017 to petition the court for lead plaintiff status. If you are a Wins shareholder, you are encouraged to contact Scott+Scott for more information.
Wins is an investment and asset management holding company, and an integrated lending solution provider. The Company provides financial services in the People’s Republic of China.
The lawsuit alleges that 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. Among other things, it is alleged that Wins falsely stated that it maintained a U.S. headquarters in order to gain inclusion on the Russell index when, in fact, its headquarters are located in China, and Wins management overstated the value of the Company and engaged in other market manipulations during the class period.
When the truth came out in a series of articles published by Seeking Alpha in December 2016, February 2017, and March 2017, there were significant drops in the stock price, harming investors. For example, the stock price declined approximately 48% from a closing price of $280.60 on March 29, 2017 to close at $144.99 on March 31, 2017.
What You Can Do
If you purchased or acquired shares of Wins Finance Holdings, Inc. between October 29, 2015 and March 29, 2017 and you wish to discuss this lawsuit, or have questions about this notice or your legal rights, please contact attorney Rhiana Swartz toll free at (844) 818-6980 or at email@example.com.
About Scott+Scott, Attorneys at Law, LLP
Scott+Scott has significant experience in prosecuting major securities, antitrust, and employee retirement plan actions throughout the United States. The firm represents pension funds, foundations, individuals, and other entities worldwide with offices in New York, London, Connecticut, California, and Ohio.