NEW YORK--(BUSINESS WIRE)--May 16, 2018--The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Gridsum Holding Inc. (NASDAQ:GSUM). The action, which was filed in the United States District Court for the Southern District of New York, alleges that the Company violated federal securities laws.

In particular, the complaint alleges that throughout the Class Period, defendants made materially false and/or misleading statements and/or failed to disclose that (i) Gridsum lacked effective internal control over financial reporting; (ii) consequently, Gridsum’s financial statements were inaccurate and misleading, and did not fairly present, in all material respects, the financial condition and results of operations of the Company; and (iii) as a result of the foregoing, Gridsum’s public statements were materially false and misleading at all relevant times.

Shareholders have until June 25, 2018 to petition the court for lead plaintiff status. Your ability to share in any recovery does not require that you serve as lead plaintiff. You may choose to be an absent class member.

If you suffered a loss during the class period and wish to obtain additional information, please contact Joseph Klein, Esq. by telephone at 212-616-4899 or visit http://www.kleinstocklaw.com/pslra-c/gridsum-holding-inc?wire=2.

Joseph Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.

View source version on businesswire.com:https://www.businesswire.com/news/home/20180516006412/en/

CONTACT: The Klein Law Firm

Joseph Klein, Esq., 212-616-4899

Fax: 347-558-9665

www.kleinstocklaw.com

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK PENNSYLVANIA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL

SOURCE: The Klein Law Firm

Copyright Business Wire 2018.

PUB: 05/16/2018 03:48 PM/DISC: 05/16/2018 03:48 PM

http://www.businesswire.com/news/home/20180516006412/en