ATLANTA, June 22, 2023 (GLOBE NEWSWIRE) -- Holzer & Holzer, LLC informs investors that a class action lawsuit has been filed against GDS Holdings Limited (“GDS Holdings,” or the “Company”) (NASDAQ: GDS). The lawsuit alleges GDS Holdings made materially false and/or misleading statements and/or failed to disclose material adverse facts about the Company’s business, operations, and prospects, including: (1) the Company’s Chief Executive Officer (“CEO”) had engaged in undisclosed pre-paid forward sale contract transactions as early as May 2020; (2) this presented a risk of the CEO’s ownership going below 5% of the Company’s outstanding shares; and (3) if the CEO’s ownership dipped below 5%, it would result in a change of control of the Company which, as the Company admitted, could result in disastrous consequences.
If you bought shares of GDS Holdings between April 12, 2021 and April 3, 2023, and you suffered a significant loss on that investment, you are encouraged to discuss your legal rights by contacting Corey Holzer, Esq. cholzer@holzerlaw.com or Joshua Karr, Esq. at jkarr@holzerlaw.com, by toll-free telephone at (888) 508-6832 or you may visit the firm’s website https://holzerlaw.com/case/gds-holdings/ to learn more.
The deadline to ask the court to be appointed lead plaintiff in the case is August 21, 2023.
Holzer & Holzer, LLC, an ISS top rated securities litigation law firm for 2021 and 2022, dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. Since its founding in 2000, Holzer & Holzer attorneys have played critical roles in recovering hundreds of millions of dollars for shareholders victimized by fraud and other corporate misconduct. More information about the firm is available through its website, www.holzerlaw.com, and upon request from the firm. Holzer & Holzer, LLC has paid for the dissemination of this promotional communication, and Corey Holzer is the attorney responsible for its content.
CONTACT:
Corey Holzer, Esq.
(888) 508-6832 (toll-free)
cholzer@holzerlaw.com
