LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) reminds investors of the June 5, 2017 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased Wins Financial Holdings Inc. (“Wins” or the “Company”) (NASDAQ: WINS) securities between October 29, 2015 and March 29, 2017, inclusive (the “Class Period”). Wins investors have until June 5, 2017 to file a lead plaintiff motion.
On March 30, 2017, a report was published on SeekingAlpha.com, claiming that Wins was under Securities and Exchange Commission scrutiny for possible market manipulation. Following the report, Wins shares have fallen almost 70% from a closing price of $280.60 per share on March 29, 2017.
The complaint filed in this class action alleges that, during the Class Period, Defendants falsely claimed the Company maintained U.S. headquarters in order to be included in the Russell indices, and that the Company engaged in market manipulation.
If you purchased or otherwise acquired Wins shares during the Class Period you may move the Court no later than June 5, 2017 to request appointment as lead plaintiff in this putative class action lawsuit. To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to firstname.lastname@example.org, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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