Global Digital Solutions Inc
0 DAYS LEFT TO SEEK LEAD PLAINTIFF STATUS
Case Summary | |
Company Name: | Global Digital Solutions Inc |
Stock Symbol : | OTCMKTS: GDSI |
Class Period Start: | 10/08/2013 |
Class Period End: | 08/12/2016 |
Lead Plaintiff motion: | 10/24/2016 |
Date Filed: | 08/24/2016 |
Type of Case: | Securities Class Action |
Court: | U.S. District Court for the District of New Jersey |
Summary: | Thieler Law Corp advises investors with losses exceeding $100,000 of the October 24, 2016 lead plaintiff deadline in a class action lawsuit filed against Global Digital Solutions Inc (OTCMKTS: GDSI) (“Global Digital” or “the Company”). The suit is pending in the U.S. District Court for the District of New Jersey and investors, who purchased Global Digital Solutions Inc securities between October 8, 2013 and August 12, 2016, have until October 24, 2016 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class. If you purchased Global Digital Solutions Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class. The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that Airtronic USA, Inc’s original equipment manufacturer supplier agreement that Global Digital disclosed in its press releases in October 2013 did not exist; Global Digital failed to remove these misleading statements from its website despite repeated requests from the CEO of Airtronic; Global Digital had no credible financing in place to acquire a company; Global Digital received communications indicating Remington Outdoor Company, Inc had no interest in Global Digital’s unsolicited acquisition offer; and Remington had already rejected Global Digital’s offer on several occasions. On August 12, 2016, SEC revealed that it charged the Company and certain officers with defrauding investors by issuing false and misleading press releases that the Company was a promising leader in cyber arms manufacturing and security technology solutions. When the true details entered the market, the lawsuit claims that investors suffered damages. If you were negatively impacted by your investment in Global Digital Solutions Inc securities between October 8, 2013 and August 12, 2016 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation. Thieler Law Corp purchases advertisements on search engines, social media sites and other websites. If you send us information, note that does not create an attorney-client relationship with the firm. Thieler Law Corp 2534 State Street - Suite 406, San Diego, CA 92101 by email: mail@thielerlaw.com or telephone at +1 (619) 377 - 4324 or visit our website http://www.thielerlaw.com/ or Facsimile: +1 (619) 785 – 3185 |