Thieler Law Corp advises investors with losses exceeding $100,000 of the June 25, 2018 lead plaintiff deadline in a class action lawsuit filed against Gridsum Holding Inc (NASDAQ: GSUM) (“Gridsum” or “the Company”). The suit is pending in the U.S. District Court for the Southern District of New York and investors, who purchased Gridsum Holding Inc securities between April 27, 2017, and April 20, 2018, have until June 25, 2018 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Gridsum Holding 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 Gridsum lacked effective internal control over financial reporting; consequently, Gridsum’s financial statements were inaccurate and misleading, and did not fairly present, in all material respects, the financial condition and results of operations of the Company; and as a result of the foregoing, Gridsum’s public statements were materially false and misleading at all relevant times.

On April 23, 2018, the Company revealed in a press release that its audit report for the Company’s financial statements for the year ended December 31, 2016 should no longer be relied upon. According to the release, the Company’s auditor had determined the presence of “certain issues” relating to “revenue recognition, cash flow, cost, expense items, and their underlying documentation.”

Following this news, NASDAQ: GSUM were down more than 41% on intraday trading on April 23, 2018.

If you were negatively impacted by your investment in Gridsum Holding Inc securities between April 27, 2017, and April 20, 2018 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.

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