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Class Action News

Levi & Korsinsky Announces GDS Limited Lawsuit, Class Action Filed

Levi & Korsinsky

August 6, 2018

NEW YORK, August 1, 2018 – Levi & Korsinsky announces a class action on behalf of GDS Holdings Limited (“GDS”) (NASDAQ: GDS) shareholders who purchased shares between November 2, 2016 and July 31, 2018. You are hereby notified that a securities class action lawsuit has been commenced in the United States District Court for the Southern District of New York. To get more information about the GDS Holdings class action go to: http://www.zlk.com/pslra-d/gds-holdings-limited or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.

The GDS lawsuit complaint alleges that throughout the class period Defendants issued 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.

If you suffered a loss in GDS you have until October 1, 2018 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.