Wins Finance Holdings ("Wins") is a Chinese financial services company engaged in providing loan guarantees, equipment leases, and direct loans to small and medium sized businesses.

According to the law firm press release, the Complaint alleges that throughout the class period, Wins made materially false and/or misleading statements regarding its projected earnings, valuation, and future business operations in order to artificially inflate the price of Wins securities. Among other allegations, it is alleged that Wins falsely stated it maintained a U.S. headquarters in order to gain inclusion on the Russell indices when, in fact, its headquarters are located in China, and that Wins management overstated its value and engaged in other market manipulations during the class period.

The first filed case was voluntarily dismissed on June 16, 2017. A related action continues in the Central District of California under 17-CV-02983.

On June 26, 2017, the Court issued an Order appointing Lead Plaintiffs and Counsel. Lead Plaintiffs filed an amended Complaint on August 25. Defendant filed a Motion to Dismiss the amended Complaint on October 24. On February 28, 2018, the Court issued an Order denying Defendant's Motion to Dismiss.

On November 26, the parties filed a Notice to inform the Court that Plaintiffs and Defendants had reached a Settlement in principle. On January 28, 2019, the parties entered into a Stipulation and Agreement of Settlement. On February 26, the Court issued an Order preliminarily approving the Settlement.