Wins Finance Losses Update: Securities Class Action Lawsuit Against Wins Finance Holdings Inc. (WINS)

investment fraud attorney ClevelandWins Finance Holdings (NASDAQ: WINS) has been accused of making false or misleading statements regarding its projected earnings, valuation, and future business operations that artificially inflated the price of the company’s shares, in an investor lawsuit recently filed against it.

Wins Finance was sued after SeekingAlpha.com published, on March 30, 2017, an article stating that the SEC is actively investigating Wins Finance for alleged “market manipulation.” When this news was announced, the stock price of Wins Finance fell, causing considerable losses to its investors.

The lawsuit against Wins Finance alleges that defendants made false or misleading statements or failed to disclose that: (1) Wins did not maintain a U.S. headquarters; (2) Wins had intentionally misrepresented its headquarters to gain inclusion on the Russell indexes; (3) Wins was not in compliance with SEC regulations; and (4) Wins failed to maintain adequate internal controls. When the true details entered the market, the investors suffered damages, the lawsuit alleges.

Wins investors who wish to serve as lead plaintiff in the recently-filed class action must move the Court no later than June 5, 2017. If you wish to join the litigation, please contact Alan Rosca at (888) 998-0520 or by email at arosca@prwlegal.com.

This message includes attorney advertising. Please visit www.securitieslitigators.com for important disclosures about the Peiffer Rosca Wolf law firm and its attorneys’ admissions. Peiffer Rosca Wolf Abdullah Carr & Kane, A Professional Law Corporation (“Peiffer Rosca Wolf”).

Alan Rosca (1157 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


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