San Diego, CA -- (SBWire) -- 10/12/2023 --Certain directors of GDS Holdings Limited are under investigation over potential breaches of fiduciary duties.
Investors who are investors in GDS Holdings Limited (NASDAQ: GDS) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for investors in NASDAQ: GDS stocks follows a lawsuit filed against GDS Holdings Limited over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: GDS stocks, concerns whether certain GDS Holdings Limited directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that the defendants d made false and/or misleading statements and/or failed to disclose, among other things, that Defendant Huang had engaged in undisclosed pre-paid forward sale contract transactions as early as May 2020, that this presented a risk of Defendant Huang's ownership going below 5% of the Company's outstanding shares, that if Huang'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, and that as a result, Defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.
Those who purchased shares of GDS Holdings Limited (NASDAQ: GDS) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Christopher Clausen
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
NASDAQ:GD Long Term Investor Notice: Investigation of Potential Wrongdoing at GDS Holdings Limited
An investigation on behalf of current long term investors in GDS Holdings Limited (NASDAQ:GDS) shares over possible breaches of fiduciary duty by certain officers and directors was announced.