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Case Status:    DISMISSED    
On or around 06/16/2017 (Notice of voluntarily dismissal)

Filing Date: April 04, 2017

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.

This case was voluntarily dismissed on June 16, 2017.

COMPANY INFORMATION:

Sector: Financial
Industry: Misc. Financial Services
Headquarters: China

SECURITIES INFORMATION:

Ticker Symbol: WINS
Company Market: NASDAQ
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: S.D. New York
DOCKET #: 17-CV-02434
JUDGE: Hon. George B. Daniels
DATE FILED: 04/04/2017
CLASS PERIOD START: 10/29/2015
CLASS PERIOD END: 03/29/2017
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Levi & Korsinsky (Stamford)
    733 Summer Street, Suite 304, Levi & Korsinsky (Stamford), CT 06901
    203-992-4523 ·
No Document Title Filing Date