DEADLINE TOMORROW: The Schall Law Firm Announces the Filing of a Class...

DEADLINE TOMORROW: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Wins Finance Holdings Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

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Sep 22, 2020 (NewMediaWire via COMTEX) —
Los Angeles, CA -( (https://schallfirm.com/)NewMediaWire (https://www.newmediawire.com)) – September 22, 2020 – The Schall Law Firm, a national shareholder rights litigation
firm, announces the filing of a class action lawsuit against Wins
Finance Holdings Inc. (“Wins” or “the Company”) (NASDAQ: WINS (http://nmw.bz/YvTX)) for violations of §§10(b) and 20(a) of the
Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the
U.S. Securities and Exchange Commission.

Investors who purchased the Company’s securities
between October 31, 2018 and July 6, 2020, inclusive (the ”Class Period”),
are encouraged to contact the firm before September 23, 2020.

If you are a shareholder who suffered a loss, click here to participate (http://nmw.bz/KcFT).

We also encourage you to contact Brian Schall of
the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067,
at 310-301-3335, to discuss your rights free of charge. You can also reach us
through the firm’s website at www.schallfirm.com (http://pr.report/mIwBkOrU), or by email at brian@schallfirm.com.

The class, in this case, has not yet been
certified, and until certification occurs, you are not represented by an
attorney. If you choose to take no action, you can remain an absent class
member.

According to the Complaint, the Company made
false and misleading statements to the market. Wins’ repayment of its RMB 580
million Guohong Loan suffered from grave uncertainty. If the Company failed to
repay the loan, its financial and operating condition would be severely
impacted. The Company failed to maintain internal controls on financial
reporting despite promising its investors that weaknesses had been rectified.
Based on these facts, the Company’s public statements were false and materially
misleading throughout the class period. When the market learned the truth about
Wins, investors suffered damages.

Join the case (http://nmw.bz/KcFT) to recover your losses.

The Schall Law Firm represents investors
around the world and specializes in securities class action lawsuits and
shareholder rights litigation.

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

CONTACT:

The Schall Law Firm

Brian Schall, Esq.,

www.schallfirm.com (http://www.schallfirm.com/)

Office: 310-301-3335

info@schallfirm.com

SOURCE:

The Schall Law Firm

COMTEX_371692954/2549/2020-09-22T09:50:41

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The MarketWatch News Department was not involved in the creation of this content.



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