IRVINE, Calif.--(BUSINESS WIRE)--Khang & Khang LLP (the “Firm”) announces a class action lawsuit was filed against Global Digital Solutions Inc. (“Global Digital” or the “Company”) (Other OTC: GDSI). Investors who purchased or otherwise acquired shares between October 8, 2013 and August 12, 2016 inclusive (the “Class Period”), are encouraged to contact the Firm prior to the October 24, 2016 lead plaintiff motion deadline.
If you purchased shares of Global Digital during the Class Period, please contact Joon M. Khang, Esquire, of Khang & Khang, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or by e-mail at email@example.com.
There has been no class certification in this case. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.
The complaint alleges that during the Class Period, Global Digital made false and/or misleading statements and/or failed to disclose that: Airtronic USA, Inc.’s original equipment manufacturer supplier agreement that Global Digital disclosed in its October 2013 press releases did not exist; that the Company failed to remove misleading statements from its website even after repeated requests to do so from the CEO of Airtronic; that Global Digital lacked a reasonable basis for its revenue projection for 2014; that the Company had no credible financing to acquire any company; that Global Digital received various communications indicating Remington Outdoor Company, Inc. had no interest in Global Digital’s unsolicited acquisition offer; that Remington had already rejected Global Digital’s offer on several occasions; and that as a result of the above, the Company’s statements about its business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When this news was announced, Global Digital shares fell in value, causing investors harm.
If you wish to learn more about this lawsuit, or if you have any questions concerning this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or by e-mail at firstname.lastname@example.org.
This press release may constitute Attorney Advertising in some jurisdictions.