GlobeNewswire Inc | Aug 13, 2020 10:00AM EDT

August 13, 2020

LOS ANGELES, Aug. 13, 2020 (GLOBE NEWSWIRE) -- The Law Offices of Frank R. Cruz reminds investors that class action lawsuits have been filed on behalf of shareholders of the following publicly-traded companies. Investors have until the deadlines listed below to file a lead plaintiff motion.

Investors suffering losses on their investments are encouraged to contact The Law Offices of Frank R. Cruz to discuss their legal rights in these class actions at 310-914-5007 or by email to fcruz@frankcruzlaw.com.

Insperity, Inc. (NYSE: NSP) Class Period: February 11, 2019 February 11, 2020 Lead Plaintiff Deadline: September 21, 2020

The complaint alleges that throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose: (1) that the Company had failed to negotiate appropriate rates with its customers for employee benefit plans and did not adequately disclose the risk of large medical claims from these plans; (2) that Insperity was experiencing an adverse trend of large medical claims; (3) that as a mitigating measure, the Company would be forced to increase the cost of its employee benefit plans, causing stunted customer growth and reduced customer retention; and (4) that the foregoing issues were reasonably likely to, and would, materially impact Insperitys financial results.

Energy Recovery, Inc. (NASDAQ: ERII) Class Period: August 2, 2017 June 29, 2020 Lead Plaintiff Deadline: September 21, 2020

The complaint alleges that throughout the Class Period, Energy Recovery made false and/or misleading statements and/or failed to disclose: (1) that the Company and Schlumberger Technology had different strategic perspectives regarding commercialization of VorTeq; (2) that these differences created substantial risk of early termination of the Companys exclusive licensing agreement with Schlumberger; (3) accordingly, the revenue guidance and expectations of future license revenue was false and lacked reasonable basis; and (4) as a result, Defendants public statements were materially false and misleading at all relevant times or lacked a reasonable basis and omitted material facts.

Guidewire Software, Inc. (NYSE: GWRE) Class Period: March 6, 2019 March 4, 2020 Lead Plaintiff Deadline: September 23, 2020

The complaint filed in this class action alleges that throughout the Class Period, Guidewire made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Companys business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that the Companys transition to the cloud was not going well; (2) that Guidewires cloud-based products needed to be improved to meet customer needs and catch-up with rival systems; (3) that the Companys transition to the cloud was also hurting Guidewires traditional on-premise business; and (4) as a result, Guidewires revenue guidance, including guidance principally based on significantly increasing demand for the Companys cloud-based products, was baseless and unattainable.

Wins Finance Holdings Inc. (NASDAQ: WINS) Class Period: October 31, 2018 July 6, 2020 Lead Plaintiff Deadline: September 23, 2020

The complaint filed in this class action alleges that throughout the Class Period, Wins made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Companys business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that the ultimate repayment of its RMB 580 million Guohong Loan was highly uncertain; (2) that nonpayment of the Guohong Loan would have a significant impact on the Companys financial and operating condition; (3) that weaknesses in Winss internal control over its financial reporting persisted despite the Companys repeated assurances to investors that it was taking steps to remediate these weaknesses; (4) that the foregoing issues, among others, made the resignation of Winss independent auditor foreseeably likely; and (5) as a result, the Companys public statements were materially false and misleading at all relevant times.

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To be a member of these class actions, you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish tolearn moreabout these class actions, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contacts

The Law Offices of Frank R. Cruz, Los Angeles Frank R. Cruz, 310-914-5007fcruz@frankcruzlaw.comwww.frankcruzlaw.com