Wins Finance Holdings Inc. Class Action Lawsuit - WINS

Company
Wins Finance Holdings Inc. (NASDAQ: WINS)
Lead Plaintiff Deadline
September 23, 2020 (Expired)
Class Period
October 31, 2018 - July 6, 2020

Expired

Lead Plaintiff Deadline

Sep 23, 2020

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Allegations

(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.

Eligibility

In order to be eligible to join the WINS class action lawsuit, you must have incurred a loss on shares of Wins Finance purchased during the class period listed above.

Lead Plaintiff Deadline

If you suffered a loss in Wins Finance during the relevant time frame or pursuant to the relevant offering(s), you have until September 23, 2020 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.

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