Market Overview

Glancy Prongay & Murray LLP Announces the Filing of a Securities Class Action on Behalf of GDS Holdings Limited Investors (GDS)

Share:

National securities litigation law firm Glancy
Prongay & Murray LLP
("GPM") announces that a class action
lawsuit has been filed on behalf of investors that purchased GDS
Holdings Limited ("GDS" or the "Company") (NASDAQ: GDS)
securities between March 29, 2018 through July 31, 2018, inclusive
(the "Class Period"). GDS investors have until October 1, 2018 to
file a lead plaintiff motion.

If you are a shareholder who suffered a loss, click here
to participate.

Investors that suffered losses on their GDS 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 shareholders@glancylaw.com.

On July 31, 2018, Blue Orca Capital published a report alleging that
"GDS is borrowing crippling amounts of debt to enrich insiders by
acquiring data centers from undisclosed related parties which are not
nearly as valuable as the Company claims." On this news, the Company's
share price fell $12.92, or more than 37%, to close at $21.83 per share
on July 31, 2018, thereby injuring investors.

The complaint filed in this class action alleges that, Defendants made
false and/or misleading statements and/or failed to disclose that: (1)
GDS Holdings overstated the value of certain data centers it had
acquired; (2) GDS Holdings failed to maintain adequate internal
controls; and (3) as a result, defendants' statements about GDS
Holdings' business, operations, and prospects were materially false
and/or misleading and/or lacked a reasonable basis at all relevant times.

Follow us for updates on Twitter: twitter.com/GPM_LLP.

If you purchased shares of GDS during the Class Period you may move the
Court no later than October 1, 2018 to ask the Court to
appoint you as lead plaintiff. 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 shareholders@glancylaw.com,
or visit our website at www.glancylaw.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.

View Comments and Join the Discussion!