NEW YORK--(BUSINESS WIRE)--Bragar Eagel & Squire, P.C. is investigating potential claims against Gridsum Holding Inc. (NASDAQ:GSUM). Our investigation concerns whether Gridsum has violated the federal securities laws and/or engaged in other unlawful business practices.
On April 23, 2018, Gridsum filed a press release announcing 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, Gridsum shares fell $1.17 per share, or over 16%, to close at $6.12 on April 23, 2018.
If you purchased or otherwise acquired Gridsum shares and suffered a loss, continue to hold shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at email@example.com, or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation. For additional information concerning our investigation into Gridsum, please go to www.bespc.com/gsum. For additional information about Bragar Eagel & Squire, P.C., please go to www.bespc.com.