Glancy Prongay & Murray LLP Announces Investigation on Behalf of GDS Holdings Limited Investors (GDS)
LOS ANGELES--(BUSINESS WIRE)--Aug 1, 2018--National Shareholder Rights Law Firm Glancy Prongay & Murray LLP (“GPM”) announces that it has commenced an investigation on behalf of GDS Holdings Limited (“GDS” or the “Company”) (NASDAQ: GDS ) investors concerning the Company and its officers’ possible violations of federal securities laws.
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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.
If you purchased GDS securities, have information or would like to learn more about these claims, or 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 firstname.lastname@example.org, 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.
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View source version on businesswire.com:https://www.businesswire.com/news/home/20180801005868/en/
CONTACT: Glancy Prongay & Murray LLP, Los Angeles/New York
Lesley Portnoy, 310-201-9150 or 888-773-9224
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL
SOURCE: Glancy Prongay & Murray LLP
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PUB: 08/01/2018 02:26 PM/DISC: 08/01/2018 02:26 PM