A lawsuit was filed on behalf of investors in GDS Holdings Limited (NASDAQ: GDS) shares over alleged securities laws violations.
San Diego, CA -- (SBWIRE) -- 08/13/2018 -- An investor, who purchased shares of GDS Holdings Limited (NASDAQ: GDS), filed a lawsuit in the U.S. over alleged Securities Laws violations by GDS Holdings Limited in connection with certain allegedly false and misleading statements.
Investors, who purchased shares of GDS Holdings Limited (NASDAQ: GDS), have certain options and for certain investors are short and strict deadlines running. Deadline: October 1, 2018. NASDAQ: GDS investors should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
According to the complaint the plaintiff alleges on behalf of purchasers of GDS Holdings Limited (NASDAQ: GDS) common shares between November 2, 2016 and July 31, 2018, that the defendants violated Federal Securities Laws.
More specifically, the plaintiff claims that between November 2, 2016 and July 31, 2018, the defendants failed to disclose that the Company has overstated its utilization and occupancy rates, that it has made acquisitions with related parties at inflated prices, that it has used suspect capital and debt raisings despite large off-shore cash reserves, that it has adopted unorthodox accounts receivable and payable practices, and that, as a result of the foregoing, Defendant's statements about GDS' business, operations, and prospects were materially false and/or misleading and/or lacked a reasonable basis.
Those who purchased shares of GDS Holdings Limited (NASDAQ: GDS) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego
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