Press release
Investigation announced for Long-Term Investors in NASDAQ: WINS over possible Wrongdoing at Wins Finance Holdings Inc.
An investigation on behalf of current long term investors in Wins Finance Holdings Inc. (NASDAQ: WINS) shares.
Investors who are current long term investors in Wins Finance Holdings Inc. (NASDAQ: WINS) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NASDAQ: WINS stocks follows a lawsuit filed against Wins Finance Holdings Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: WINS stocks, concerns whether certain Wins Finance Holdings Inc. directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Central District of California the plaintiff alleges that 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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