GDS SHAREHOLDER ALERT: Jakubowitz Law Reminds GDS Holdings Shareholders of a Lead Plaintiff Deadline of August 21, 2023
NEW YORK, July 14, 2023 /PRNewswire/ -- Jakubowitz Law announces that a securities fraud class action lawsuit has commenced on behalf of shareholders of GDS Holdings Limited (NASDAQ: GDS).
To receive updates on the lawsuit, fill out the form:
https://claimyourloss.com/securities/gds-holdings-class-action-loss-submission-form/?id=42092&from=4
The lawsuit seeks to recover losses for shareholders who purchased GDS Holdings between April 12, 2021 and April 3, 2023.
Shareholders interested in acting as a lead plaintiff representing the class of wronged shareholders have until August 21, 2023 to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
According to a filed complaint, GDS Holdings Limited issued materially false and/or misleading statements and/or failed to disclose that: (1) Defendant and GDS CEO William Wei had engaged in undisclosed pre-paid forward sale contract transactions as early as May 2020; (2) this presented a risk of Defendant Huang's ownership going below 5% of the Company's outstanding shares; (3) if Huang's ownership dipped below 5%, it would result in a change of control of the Company which, as the Company admitted, could result in disastrous consequences; and (4) as a result, defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.
Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (628) 895-0423
F: (212) 537-5887
SOURCE Jakubowitz Law
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