CLASS ACTION UPDATE for HMNY and GDS: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders
NEW YORK, Sept. 27, 2018 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court and further details about the cases can be found at the links provided. There is no cost or obligation to you.
Helios and Matheson Analytics Inc. (NASDAQCM: HMNY)Class Period: August 15, 2017 - July 26, 2018Lead Plaintiff Deadline: October 1, 2018Join the action: http://www.zlk.com/pslra-d/helios-and-matheson-analytics-inc?wire=3
The lawsuit alleges: Helios and Matheson Analytics Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) Helios was touting MoviePass’ valuation and path to profitability; (ii) MoviePass’ business model was not sustainable, (iii) consequently, Helios would run out of cash, (iv) Defendants’ actions were only reducing shareholder value, and (v) as a result of the foregoing, Defendants’ statements about Helios’ business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.
To learn more about the Helios and Matheson Analytics Inc. class action contact firstname.lastname@example.org.
GDS Holdings Limited (NASDAQ: GDS) Class Period: November 2, 2016 - July 31, 2018 Lead Plaintiff Deadline: October 1, 2018 Join the action: http://www.zlk.com/pslra-d/gds-holdings-limited?wire=3
The lawsuit alleges that, during the class period, GDS Holdings Limited made materially false and/or misleading statements and/or failed to disclose that: (1) the Company has overstated its utilization and occupancy rates; (2) the Company has made acquisitions with related parties at inflated prices; (3) it has used suspect capital and debt raisings despite large off-shore cash reserves; (4) it has adopted unorthodox accounts receivable and payable practices; and (5) 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.
To learn more about the GDS Holdings Limited class action contact email@example.com.
You have until the lead plaintiff deadlines to request the court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
Levi & Korsinsky is a national firm with offices in New York, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.