LOS ANGELES--(BUSINESS WIRE)--Goldberg Law PC (the “Firm”) announces a class action lawsuit has been 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 in advance of the October 24, 2016 lead plaintiff motion deadline.
If you are a shareholder who suffered a loss during the Class Period, click here to participate. In addition, we advise you to contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 1999 Avenue of the Stars, Suite 1100, Los Angeles, CA 90067, at 800-977-7401, to discuss your rights without cost to you. You can also reach us through the firm’s website at http://www.Goldberglawpc.com, or by email at firstname.lastname@example.org.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent 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.
Goldberg Law PC represents shareholders around the world and specializes in securities class actions and shareholder rights litigation.
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