The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of investors who purchased Longfin Corp. (NASDAQ: LFIN) securities between December 13, 2017 and April 2, 2018.
According to the LFIN lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (i) Longfin had material weaknesses in its operations and internal controls that hindered the Company's profitability; (ii) Longfin did not meet the requirements for inclusion in Russell indices; and (iii) as a result of the foregoing, the Defendants' public statements were materially false and misleading at all relevant times.
If you suffered a loss in Longfin Corp. you have until June 4, 2018 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
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