WINS ALERT: The Klein Law Firm Announces a Lead Plaintiff Deadline of September 23, 2020 in the Class Action Filed on Behalf of Wins Finance Holdings Inc. Limited Shareholders
New York, New York--(Newsfile Corp. - September 22, 2020) - The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Wins Finance Holdings Inc. (NASDAQ: WINS) alleging that the Company violated federal securities laws.
Class Period: October 31, 2018 and July 6, 2020
Lead Plaintiff Deadline: September 23, 2020
Learn more about your recoverable losses in WINS:
The filed complaint alleges that Wins Finance Holdings Inc. made materially false and/or misleading statements and/or failed to disclose that: (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.
Shareholders have until September 23, 2020 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
For additional information about the WINS lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click the link above.
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/64360