GDS Holdings Securities Fraud Class Action Lawsuit Pending: Contact Levi & Korsinsky Before August 21, 2023 to Discuss Your Rights – GDS

PRESS RELEASE
Published August 21, 2023

NEW YORK, NY / ACCESSWIRE / August 21, 2023 / Levi & Korsinsky, LLP notifies investors in GDS Holdings Limited ("GDS Holdings" or the "Company") (NASDAQ:GDS) of a class action securities lawsuit.

The lawsuit on behalf of GDS Holdings investors has been commenced in the United States District Court for the Central District of California. Affected investors purchased or otherwise acquired certain GDS Holdings Limited securities between April 12, 2021 and April 3, 2023. Follow the link below to get more information and be contacted by a member of our team:

https://zlk.com/pslra-1/gds-holdings-lawsuit-submission-form?prid=43888&wire=1

or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500. There is no cost or obligation to you.

GDS Holdings Limited NEWS - GDS NEWS

CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (1) Defendant and GDS CEO William Wei had engaged in undisclosed pre-paid forward sale contract transactions as early as May 2020; (2) this presented a risk of Defendant Huang's ownership going below 5% of the Company's outstanding shares; (3) 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 (4) 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.

WHAT THIS MEANS TO SHAREHOLDERS: If you suffered a loss in GDS Holdings during the relevant timeframe, you have until August 21, 2023 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.

NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. Discuss your rights with our legal team without cost or obligation.

PROTECT YOUR FINANCIAL INTERESTS: Complete this brief submission form https://zlk.com/pslra-1/gds-holdings-lawsuit-submission-form?prid=43888&wire=1 or call 212-363-7500 to discuss the case.

WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 4th Floor Suite #427
New York, NY 10006
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

SOURCE: Levi & Korsinsky, LLP



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