PHILADELPHIA--(BUSINESS WIRE)--

Goldman Scarlato & Penny, P.C. (www.lawgsp.com), a law firm protecting the rights of investors, reminds shareholders that a class action lawsuit has been commenced on behalf of purchasers of shares Wins Finance Holdings Inc. (NASDAQ: WINS) between October 29, 2015 and March 29, 2017, inclusive. Wins shareholders have until June 5, 2017 to seek appointment as lead plaintiff. 

According to the lawsuit, Wins and certain of its officers 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, investors suffered damages.

If you purchased Wins shares during the above period, you have until June 5, 2017 to request that the Court appoint you as lead plaintiff. Or, you may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff. 

If you wish to learn more about the action, or what is involved in becoming a lead plaintiff, or if you have any questions concerning your rights with respect to this case, please contact Paul Scarlato by email at [email protected] or by phone at (484) 342-0700.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

View source version on businesswire.com: http://www.businesswire.com/news/home/20170421005726/en/