LOS ANGELES--(BUSINESS WIRE)--
Glancy Prongay & Murray LLP (“GPM”) announces that a class action lawsuit has been 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.
Investors suffering losses on their Wins investments are encouraged to contact Lesley Portnoy of GPM to discuss their legal rights in this class action at 310-201-9150 or by email to [email protected].
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 shares of Wins during the Class Period you may move the Court no later than June 5, 2017 to ask the Court to appoint you as lead plaintiff if you meet certain legal requirements. To be a member of the Class 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. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, 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 [email protected], or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
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