{"id":12872,"date":"2020-08-06T16:00:00","date_gmt":"2020-08-06T16:00:00","guid":{"rendered":"https:\/\/wordpress2.hdnweb.com\/2020\/08\/06\/wins-finance-holdings-inc-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court\/"},"modified":"2020-08-06T16:00:00","modified_gmt":"2020-08-06T16:00:00","slug":"wins-finance-holdings-inc-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court","status":"publish","type":"post","link":"https:\/\/wordpress2.hdnweb.com\/en\/2020\/08\/06\/wins-finance-holdings-inc-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court\/","title":{"rendered":"WINS FINANCE HOLDINGS, INC. CLASS ACTION ALERT: Wolf Haldenstein Adler Freeman &#038; Herz LLP announces that a  securities  class  action  lawsuit  has  been  filed  in  the  United States District Court for the Central District of California on behalf of investors that purchased Wins Finance Holdings, Inc."},"content":{"rendered":"<p><\/p>\n<style type=\"text\/css\"><![CDATA[\n\/* Style Definitions *\/\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n]]><\/style>\n<div class=\"xn-content\">\n<p><span class=\"xn-location\">NEW YORK<\/span>, <span class=\"xn-chron\">Aug. 6, 2020<\/span> \/PRNewswire\/ &#8212;\u00a0<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2878936-2&amp;h=694271384&amp;u=https%3A%2F%2Fwww.whafh.com%2Fcase%2Fwins-finance-holdings-inc-nasdaq-wins%2F&amp;a=Wolf+Haldenstein+Adler+Freeman+%26+Herz+LLP+\" rel=\"nofollow\"><span class=\"xn-person\">Wolf Haldenstein Adler Freeman<\/span> &amp; Herz LLP <\/a>\u00a0announces that a federal securities class action lawsuit has been filed in <span class=\"xn-location\">the United States<\/span> District Court for the Central District of <span class=\"xn-location\">California<\/span> on behalf of investors that purchased Wins Finance Holdings, Inc. (NASDAQ: WINS) (&#8220;Wins&#8221; or &#8220;Company&#8221;) securities between <span class=\"xn-chron\">October 31, 2018<\/span> and <span class=\"xn-chron\">July 6, 2020<\/span> (the &#8220;Class Period&#8221;).<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n                        <a href=\"https:\/\/mma.prnewswire.com\/media\/1064977\/Wolf_Haldenstein_Adler_Freeman_Logo.html\" target=\"_blank\" rel=\"nofollow\"><br \/>\n                    <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/1064977\/Wolf_Haldenstein_Adler_Freeman_Logo.jpg\" title=\"(PRNewsfoto\/Wolf Haldenstein Adler Freeman )\" alt=\"(PRNewsfoto\/Wolf Haldenstein Adler Freeman )\"\/><\/a>\n                <\/p>\n<\/p><\/div>\n<p><b>All investors who purchased shares of Wins Finance Holdings, Inc. \u00a0and incurred losses are urged<\/b><b> to contact the firm immediately at <a target=\"_blank\" href=\"mailto:classmember@whafh.com\" rel=\"nofollow\">classmember@whafh.com<\/a> or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action or <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2878936-2&amp;h=1750173348&amp;u=https%3A%2F%2Fwww.whafh.com%2Fcase%2Fwins-finance-holdings-inc-nasdaq-wins%2F&amp;a=join+the+case\" rel=\"nofollow\">join the case<\/a> on our website, <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2878936-2&amp;h=4069837335&amp;u=https%3A%2F%2Fwww.whafh.com%2Fcase%2Fwins-finance-holdings-inc-nasdaq-wins%2F&amp;a=www.whafh.com.\" rel=\"nofollow\">www.whafh.com.<\/a><\/b><\/p>\n<p>If \u00a0you \u00a0have \u00a0incurred \u00a0losses \u00a0in \u00a0the \u00a0shares \u00a0of Wins Finance Holdings, Inc., \u00a0<b>you<\/b><b> may,<\/b> <b>no later than <span class=\"xn-chron\">September 23, 2020<\/span><\/b><b>, \u00a0<\/b>request that the Court appoint you lead plaintiff of the proposed class.\u00a0 Please contact <a target=\"_blank\" href=\"mailto:gstone@whafh.com\" rel=\"nofollow\"><span class=\"xn-person\">Wolf Haldenstein<\/span><\/a> to learn more about your rights as an investor in the shares of Wins Finance Holdings, Inc.<\/p>\n<p class=\"prntac\"><b><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2878936-2&amp;h=2292402260&amp;u=https%3A%2F%2Fwww.whafh.com%2Fcase%2Fwins-finance-holdings-inc-nasdaq-wins%2F&amp;a=CLICK+HERE+TO+JOIN+CASE\" rel=\"nofollow\">CLICK HERE TO JOIN CASE<\/a><\/b><\/p>\n<p>Wins, through its subsidiaries, provides financing solutions for small and medium enterprises in <span class=\"xn-location\">the People&#8217;s Republic of China<\/span>. The Company offers financial guarantees, as well as financial leasing, advisory, consultancy, and agency services in Jinzhong City, <span class=\"xn-location\">Shanxi Province<\/span> and <span class=\"xn-location\">Beijing<\/span>.<\/p>\n<p>On <span class=\"xn-chron\">October 31, 2019<\/span>, Wins filed a notification of inability to timely file Form 20-F on Form NT 20-F with the Securities and Exchange Commission (&#8220;SEC&#8221;). <\/p>\n<p>The following trading day, the Company&#8217;s stock price declined from <span class=\"xn-money\">$11.90<\/span> to <span class=\"xn-money\">$11.20<\/span>, or 5.8%.<\/p>\n<p>On <span class=\"xn-chron\">November 19, 2019<\/span>, Wins issued a press release announcing its receipt of a notification letter from the NASDAQ Listing Qualifications and its intent to submit a plan of compliance, adding that the filing of the 2019 From 20-F was untimely due to the uncertainty over recovery of the Guohong Loan but assuring investors that failure to collect on the loan would <i>&#8220;not impact the Company&#8217;s ongoing operations.&#8221;<\/i><\/p>\n<p>Then, on <span class=\"xn-chron\">May 26, 2020<\/span>, Wins issued a press release announcing that the Company received a delisting determination letter from Nasdaq. The press release stated, in relevant part, <i>&#8220;as disclosed previously, the Company is working assiduously to complete its delinquent filing with SEC and to regain compliance with the NASDAQ listing rule as soon as possible.&#8221;<\/i><\/p>\n<p>On this news, Wins&#8217; stock price closed at <span class=\"xn-money\">$7.81<\/span> per share, down <span class=\"xn-money\">$2.25<\/span> share on <span class=\"xn-chron\">May 26, 2020<\/span>, a decline of 22.3%.<\/p>\n<p>The Company&#8217;s undisclosed ongoing financial difficulties and material control weaknesses escalated on <span class=\"xn-chron\">June 30, 2020<\/span>, when Centurion ZD CPA &amp; Co. (&#8220;CZD&#8221;) \u00a0resigned as the Company&#8217;s independent auditor after less than three years in that role. On <span class=\"xn-chron\">July 6, 2020<\/span>, Wins issued a press release announcing CZD&#8217;s resignation.<\/p>\n<p>On this news, Wins&#8217; stock price fell <span class=\"xn-money\">$2.06<\/span> per share, or 6.1%, to close at <span class=\"xn-money\">$31.70<\/span> per share on <span class=\"xn-chron\">July 7, 2020<\/span>. <\/p>\n<p><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2878936-2&amp;h=847973279&amp;u=https%3A%2F%2Fwww.whafh.com%2Fcase%2Fwins-finance-holdings-inc-nasdaq-wins%2F&amp;a=Wolf+Haldenstein\" rel=\"nofollow\"><span class=\"xn-person\">Wolf Haldenstein<\/span><\/a> has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country.\u00a0 The firm has attorneys in various practice areas; and offices in <span class=\"xn-location\">New York<\/span>, <span class=\"xn-location\">Chicago<\/span> and San Diego.\u00a0 The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.<\/p>\n<p>If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact <a target=\"_blank\" href=\"mailto:gstone@whafh.com\" rel=\"nofollow\"><span class=\"xn-person\">Wolf Haldenstein<\/span><\/a> by telephone at (800) 575-0735, via e-mail at <a target=\"_blank\" href=\"mailto:classmember@whafh.com\" rel=\"nofollow\">classmember@whafh.com<\/a>, or visit our website at <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2878936-2&amp;h=2699554495&amp;u=https%3A%2F%2Fwww.whafh.com%2Fcase%2Fwins-finance-holdings-inc-nasdaq-wins%2F&amp;a=%C2%A0www.whafh.com.\" rel=\"nofollow\">\u00a0www.whafh.com.<\/a><\/p>\n<p>Contact:<\/p>\n<p><span class=\"xn-person\">Wolf Haldenstein Adler Freeman<\/span> &amp; Herz LLP <br \/><span class=\"xn-person\">Kevin Cooper, Esq.<\/span><br \/><span class=\"xn-person\">Gregory Stone<\/span>, Director of Case and Financial Analysis<br \/>Email: <a target=\"_blank\" href=\"mailto:gstone@whafh.com\" rel=\"nofollow\">gstone@whafh.com<\/a>, <a href=\"mailto:kcooper@whafh.com\" rel=\"nofollow\">kcooper@whafh.com<\/a> or <a target=\"_blank\" href=\"mailto:classmember@whafh.com\" rel=\"nofollow\">classmember@whafh.com<\/a>\u00a0<br \/>Tel: (800) 575-0735 or (212) 545-4774<\/p>\n<p>This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.\u00a0 <\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\">\n<\/div>\n<p id=\"PURL\"><img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=NY85413&amp;sd=2020-08-06\"\/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/wins-finance-holdings-inc-class-action-alert-wolf-haldenstein-adler-freeman--herz-llp-announces-that-a--securities--class--action--lawsuit--has--been--filed--in--the--united-states-district-court-for-the-central-district-of-ca-301107938.html\">http:\/\/www.prnewswire.com\/news-releases\/wins-finance-holdings-inc-class-action-alert-wolf-haldenstein-adler-freeman&#8211;herz-llp-announces-that-a&#8211;securities&#8211;class&#8211;action&#8211;lawsuit&#8211;has&#8211;been&#8211;filed&#8211;in&#8211;the&#8211;united-states-district-court-for-the-central-district-of-ca-301107938.html<\/a><\/p>\n<p>SOURCE  <span class=\"xn-person\">Wolf Haldenstein Adler Freeman<\/span> &amp; Herz LLP<\/p>\n<\/div>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=NY85413&amp;Transmission_Id=202008061600PR_NEWS_USPR_____NY85413&amp;DateId=20200806\" style=\"border:0px; width:1px; height:1px;\"\/> <\/p>","protected":false},"excerpt":{"rendered":"<div class=\"xn-content\">\n<p><span class=\"xn-location\">NEW YORK<\/span>, <span class=\"xn-chron\">Aug. 6, 2020<\/span> \/PRNewswire\/ &#8212;\u00a0<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2878936-2&amp;h=694271384&amp;u=https%3A%2F%2Fwww.whafh.com%2Fcase%2Fwins-finance-holdings-inc-nasdaq-wins%2F&amp;a=Wolf+Haldenstein+Adler+Freeman+%26+Herz+LLP+\" rel=\"nofollow noopener noreferrer\"><span class=\"xn-person\">Wolf Haldenstein Adler Freeman<\/span> &amp; Herz LLP <\/a>\u00a0announces that a federal securities class action lawsuit has been filed in <span class=\"xn-location\">the United States<\/span> District&#8230;<\/p>\n","protected":false},"author":1,"featured_media":12873,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[25],"tags":[],"class_list":["post-12872","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-geovanny-vicente"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>WINS FINANCE HOLDINGS, INC. CLASS ACTION ALERT: Wolf Haldenstein Adler Freeman &amp; Herz LLP announces that a securities class action lawsuit has been filed in the United States District Court for the Central District of California on behalf of investors that purchased Wins Finance Holdings, Inc. - Multisitio 2<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wordpress2.hdnweb.com\/en\/2020\/08\/06\/wins-finance-holdings-inc-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"WINS FINANCE HOLDINGS, INC. 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CLASS ACTION ALERT: Wolf Haldenstein Adler Freeman &#038; Herz LLP announces that a securities class action lawsuit has been filed in the United States District Court for the Central District of California on behalf of investors that purchased Wins Finance Holdings, Inc.\",\"datePublished\":\"2020-08-06T16:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/wordpress2.hdnweb.com\\\/2020\\\/08\\\/06\\\/wins-finance-holdings-inc-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court\\\/\"},\"wordCount\":676,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/wordpress2.hdnweb.com\\\/2020\\\/08\\\/06\\\/wins-finance-holdings-inc-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/wordpress2.hdnweb.com\\\/wp-content\\\/uploads\\\/2020\\\/05\\\/12872_1_67168.jpg\",\"articleSection\":[\"Geovanny Vicente\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/wordpress2.hdnweb.com\\\/en\\\/2020\\\/08\\\/06\\\/wins-finance-holdings-inc-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court\\\/\",\"url\":\"https:\\\/\\\/wordpress2.hdnweb.com\\\/en\\\/2020\\\/08\\\/06\\\/wins-finance-holdings-inc-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court\\\/\",\"name\":\"WINS FINANCE HOLDINGS, INC. 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