NEW YORK--(BUSINESS WIRE)--The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Wins Finance Holdings, Inc. (NASDAQ:WINS) who purchased shares between October 29, 2015 and March 29, 2017. The action, which was filed in the United States District Court for the Southern District of New York, alleges that the Company violated federal securities laws.
The complaint alleges that throughout the class period Wins made materially false and/or misleading statements regarding its business and prospects in order to artificially inflate the price of Wins securities. Among other allegations, it is alleged that Wins made materially false statements about maintaining a U.S. headquarters in order to gain inclusion on the Russell indices, and thus Wins was not in compliance with SEC regulations and failed to maintain adequate internal controls.
Shareholders have until June 5, 2017 to petition the court for lead plaintiff status. Your ability to share in any recovery does not require that you serve as lead plaintiff. You may choose to be an absent class member.
If you suffered a loss during the class period and wish to obtain additional information, please contact Joseph Klein, Esq. by telephone at 212-616-4899 or visit http://www.kleinstocklaw.com/pslra-sa/wins-finance-holdings-inc?wire=2.
Joseph Klein, Esq. is an experienced attorney and has also practiced as a Certified Public Accountant. Mr. Klein represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.