GDS Holdings Limited Class Action Lawsuit - GDS

The filed complaint alleges that GDS Holdings Limited made materially false and/or misleading statements and/or failed to disclose that: (1) Defendant and GDS CEO William Wei had engaged in undisclosed pre-paid forward sale contract transactions as early as May 2020; (2) this presented a risk of Defendant Huang’s ownership going below 5% of the Company’s outstanding shares; (3) if Huang’s ownership dipped below 5%, it would result in a change of control of the Company which, as the Company admitted, could result in disastrous consequences; and (4) as a result, defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

In order to be eligible to join the GDS class action lawsuit, you must have incurred a loss on shares of GDS Holdings purchased during the class period listed above.

If you suffered a loss in GDS Holdings during the relevant time frame or pursuant to the relevant offering(s), you have until August 21, 2023 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.