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Deadline Alert: Glancy Prongay & Murray LLP Reminds Investors of the Deadline in the Class Action Lawsuit Against Longfin Corp. (LFIN)


Prongay & Murray LLP
("GPM") reminds investors of the June
4, 2018
deadline to file a lead plaintiff motion in the class action
filed on behalf of investors that purchased Longfin Corp. ("Longfin" or
the "Company") (NASDAQ: LFIN)
securities between December 13, 2017 and April 2, 2018, inclusive
(the "Class Period").

To obtain information or actively participate in the class action,
please visit the Longfin page on our website at

Investors suffering losses on their Longfin investments are encouraged
to contact Lesley Portnoy of GPM to discuss their legal rights in this
class action at 310-201-9150 or by email to

The complaint filed in this class action alleges that throughout the
Class Period, Defendants made materially false and misleading statements
regarding the Company's business, operational and compliance policies.
Specifically, Defendants made false and/or misleading statements and/or
failed to disclose that: (i) Longfin had misrepresented material facts
about its business and operations, including the extent of its
capabilities at its New York offices and the identity and qualifications
of key employees; (ii) Longfin had material weaknesses in its operations
and internal controls over financial reporting; (iii) Longfin was
ineligible for inclusion in the Russell Indices; (iv) Longfin's lack of
profitability had imperiled its ability to continue as a going concern;
and (v) as a result of the foregoing, Longfin's financial statements and
Defendants' statements about Longfin's business, operations, and
prospects, were materially false and misleading at all relevant times.

On March 26, 2018, Citron Research reported that the Company was "a pure
stock scheme" and "[f]ilings and press releases are riddled with
inaccuracies and fraud." Then 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 $24.60, or 41%, to
close at $34.68, on March 27, 2018, thereby injuring investors.

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If you purchased shares of Longfin during the Class Period you may move
the Court no later than June 4, 2018 to ask the Court to appoint
you as lead. To be a member of the Class 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. If you wish to learn more about
this action, or if you have any questions concerning this announcement
or your rights or interests with respect to these matters, please
contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite
2100, Los Angeles California 90067 at 310-201-9150, Toll-Free at
888-773-9224, by email to,
or visit our website at
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.

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