EQUITY ALERT: Rosen Law Firm Announces Investigation of Securities Claims Against GDS Holdings Limited – GDS
Jul. 31, 2018
NEW YORK--(BUSINESS WIRE)--Jul 31, 2018--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of GDS Holdings Limited (NASDAQ: GDS) resulting from allegations that GDS Holdings may have issued materially misleading business information to the investing public.
On July 31, 2018, Blue Orca Capital published a report stating its research indicates 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. We believe that since becoming a public Company, GDS has borrowed recklessly to siphon off at least RMB 696 million to insiders by inflating the purchase price of undisclosed related party acquisitions.” The report also stated that Blue Orca Capital discovered evidence of “unrelated data center operators selling a substantial amount of empty cabinet space in a building which is supposedly exclusively operated and 94% utilized by GDS.” On this news, shares of GDS Holdings fell sharply during intraday trading on July 31, 2018.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by GDS Holdings investors. If you purchased shares of GDS Holdings please visit the firm’s website at http://www.rosenlegal.com/cases-1388.html to join the class action. You may also contact Phillip Kim or Zachary Halper of Rosen Law Firm toll free at 866-767-3653 or via email at email@example.com or firstname.lastname@example.org.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm.
Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013.
Attorney Advertising. Prior results do not guarantee a similar outcome.
View source version on businesswire.com:https://www.businesswire.com/news/home/20180731005790/en/
CONTACT: The Rosen Law Firm, P.A.
Laurence Rosen, Esq.
Phillip Kim, Esq.
Zachary Halper, Esq.
275 Madison Avenue, 34thFloor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL
SOURCE: The Rosen Law Firm, P.A.
Copyright Business Wire 2018.
PUB: 07/31/2018 12:45 PM/DISC: 07/31/2018 12:45 PM