Thieler Law Corp advises investors with losses exceeding $100,000 of the April 4, 2018 lead plaintiff deadline in a class action lawsuit filed against Longfin Corp (NASDAQ: LFIN) (“Longfin” or “the Company”). The suit is pending in the U.S. District Court for the Southern District of New York and investors, who purchased Longfin Corp securities between December 15, 2017 and April 2, 2018, have until April 4, 2018 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Longfin Corp securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that Longfin included several false statements in its SEC filings in connection with its IPO, prompting an SEC investigation; Longfin acquired Ziddu.com shortly after the IPO to capitalize on the popularity of blockchain companies, manipulating the Company’s stock price; Longfin’s acquisition of Ziddu.com prompted an SEC investigation; and Longfin knew that it was ineligible to be listed on the Russell 2000 and 3000 indices.

On March 26, 2018, a report by Citron Research stated that the Company was “a pure stock scheme” and “filings and press releases are riddled with inaccuracies and fraud.”

On March 27, 2018, a report by Bloomberg revealed that the Company was being removed from the Russell 2000 Index, less than two weeks after joining, as well as the Russell Global Index and the Russell Developed Index.

Following this news, NASDAQ: LFIN fell $24.60, or 41%, to close at $34.68, on March 27, 2018.

If you were negatively impacted by your investment in Longfin Corp securities between December 15, 2017 and April 2, 2018 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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