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Lawsuit filed for Investors in shares of Wins Finance Holdings Inc. (NASDAQ: WINS)

08-05-2020 03:48 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

A lawsuit was filed on behalf of investors in Wins Finance Holdings Inc. (NASDAQ: WINS) shares.

A lawsuit was filed on behalf of investors in Wins Finance Holdings Inc. (NASDAQ: WINS) shares.

An investor, who purchased shares of Wins Finance Holdings Inc. (NASDAQ: WINS), filed a lawsuit over alleged violations of Federal Securities Laws by Wins Finance Holdings Inc..

If you purchased shares of Wins Finance Holdings Inc. (NASDAQ: WINS), you have certain options and for certain investors are short and strict deadlines running. Deadline: September 23, 2020. NASDAQ: WINS investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

On July 6, 2020, Wins Finance Holdings Inc. (NASDAQ: WINS) disclosed that on June 30, 2020, Centurion ZD CPA & Co. resigned as the Company’s independent auditor.

Shares of Wins Finance Holdings Inc. (NASDAQ: WINS) declined from $76.64 per share on June 24, 2020 to as low as $25.69 per share on July 13, 2020.

The plaintiff claims that between October 31, 2018, and July 6, 2020, the Defendants made false and/or misleading statements and/or failed to disclose that the ultimate repayment of the RMB 580 million Guohong Loan was highly uncertain, that nonpayment of the Guohong Loan would have a significant impact on the Company's financial and operating condition, that 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, that the foregoing issues, among others, made the resignation of Wins's independent auditor foreseeably likely, and that as a result, the Company's public statements were materially false and misleading at all relevant times.

Those who purchased shares of Wins Finance Holdings Inc. (NASDAQ: WINS) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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