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April 2018


WOLF HALDENSTEIN: Longfin Corp. Investor Alert


By Wolf Haldenstein Adler Freeman & Herz LLP

Wolf Haldenstein Adler Freeman & Herz LLP Announces that it is Investigating a Potential Securities Class Action
Lawsuit Against the Crypto Stock, Longfin Corp.

NEW YORK, NY / ACCESSWIRE / April 3, 2018 / Wolf Haldenstein Adler Freeman & Herz LLP announces that it is in investigating a potential federal securities class action lawsuit against Longfin Corp. (“Longfin” or the “Company”) (NASDAQ: LFIN).

Longfin Corp. describes itself as an independent finance and technology company, offering commodity trading, alternate risk transfer, and carry trade financing services. Longfin also claims to provide hedging and risk management solutions to importers, exporters and small to medium business enterprises.

Investors who have incurred losses in shares of Longfin Corp. are urged to contact the firm immediately at or
(800) 575-0735 or (212) 545-4774. You may obtain additional information
concerning the firm on our website,

On March 26, 2018, Citron Research reported that Longfin was “a pure stock scheme” and its “[f]ilings and press
releases are riddled with inaccuracies and fraud..”

Subsequently, on March 27, 2018, Bloomberg reported 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. On this news, shares of Longfin fell $36.42 -over 50%- in two trading days, from market close on March 23, 2018 to market close on March 27, 2018.

After the close of trading on April 2nd, the Company, whose shares skyrocketed after touting ties to cryptocurrencies, announced that it is being investigated by the U.S. Securities and Exchange Commission (SEC). Longfin was informed on March 5th of the probe, which seeks certain documents related to the company’s Initial Public Offering (IPO) and the December 15, 2017 acquisition of

Longfin closed on April 3rd at $9.89 per share, down an astonishing 93% from the high of $142.82 reached on December 18, 2017.

Wolf Haldenstein Adler Freeman & Herz LLP has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.

If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf
by telephone at (800) 575-0735, via e-mail at, or visit our website at

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Wolf Haldenstein Adler Freeman & Herz LLP
Kevin Cooper, Esq.
Gregory Stone, Director of Case and Financial Analysis
Email:, or
Tel: (800) 575-0735 or (212) 545-4774

Attorney Advertising. Prior results do not guarantee or predict a similar outcome.

SOURCE: Wolf Haldenstein Adler Freeman & Herz LLP

ReleaseID: 495024