IRVINE, Calif., April 27, 2017 /PRNewswire/ -- Khang & Khang LLP (the "Firm") announces the filing of a class action lawsuit against Wins Finance Holdings Inc. ("Wins" or the "Company") (Nasdaq: WINS). Investors who purchased or otherwise acquired shares between October 29, 2015 and March 29, 2017, inclusive (the "Class Period"), are encouraged to contact the Firm in advance of the June 5, 2017 lead plaintiff motion deadline.
If you purchased the Company's shares during the Class Period, please contact Joon M. Khang, Esq., of Khang & Khang LLP, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or by e-mail at email@example.com.
There has been no class certification in this case yet. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.
The Complaint alleges that through the Class Period, Wins issued materially false and misleading statements regarding its projected earnings, valuation, and future business operations, which artificially inflated its securities prices. It is alleged that the Company falsely stated it maintained a U.S. headquarters in order to gain inclusion on the Russell indices when its headquarters are actually located in China, among other market manipulations during the Class Period. On March 30, 2017, SeekingAlpha.com published an article stating that the U.S. Securities and Exchange Commission is investigating Wins Finance for alleged "market manipulation." Upon release of this news, the stock price of Wins dropped materially, which harmed investors according to the Complaint.
If you wish to learn more about this lawsuit, or if you have questions about this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or by e-mail at firstname.lastname@example.org.
This press release may constitute Attorney Advertising in certain jurisdictions.
Joon M. Khang, Esq.
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SOURCE Khang & Khang LLP