An investigation on behalf of current long term investors in Wins Finance Holdings Inc. (NASDAQ:WINS) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 11/05/2020 -- Certain directors of Wins Finance Holdings Inc. are under investigation concerning potential breaches of fiduciary duties.
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 firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm for 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.
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.
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