CLASS ACTION UPDATE for ORCL, NLSN and GDS: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders
NEW YORK, Sept. 09, 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.
Oracle Corporation (NYSE: ORCL) Class Period: May 10, 2017 - March 19, 2018 Lead Plaintiff Deadline: October 9, 2018 Join the action: http://www.zlk.com/pslra-d/oracle-corporation-2?wire=3
The complaint alleges that throughout the Class Period defendants issued false and misleading statements regarding Oracle’s cloud revenues and failed to disclose that these revenues were driven, at least in part, by improper, coercive sales practices, including: (1) threatening existing customers with “audits” of their use of Oracle’s non-cloud software licenses and levying expensive penalties against those customers, unless the customers agreed to shift their business to Oracle cloud programs; (2) decreasing customer support for certain Oracle on-premises or hardware systems, in an effort to drive customers away from such systems and into cloud-based systems; and (3) strong-arming customers by threatening to raise the cost of legacy database licenses dramatically if the customers choose another cloud provider.
To learn more about the Oracle Corporation class action contact firstname.lastname@example.org.
Nielsen Holdings plc (NYSE: NLSN) Class Period: February 8, 2018 - July 25, 2018 Lead Plaintiff Deadline: October 9, 2018 Join the action: http://www.zlk.com/pslra-d/nielsen-holdings?wire=3
To learn more about the Nielsen Holdings plc class action contact email@example.com.
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
About the lawsuit: During the class period, GDS Holdings Limited allegedly 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) 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.
To learn more about the GDS Holdings Limited class action contact firstname.lastname@example.org.
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. CONTACT:Levi & Korsinsky, LLPJoseph E. Levi, Esq.55 Broadway, 10th FloorNew York, NY 10006 email@example.com Tel: (212) 363-7500Toll Free: (877) 363-5972Fax: (212) 363-7171 www.zlk.com