IMPORTANT SHAREHOLDER ALERT: Lundin Law PC Announces Securities Class Action Lawsuit against Global Digital Solutions Inc. and Encourages Investors with Losses to Contact the Firm
LOS ANGELES, CA / ACCESSWIRE / August 31, 2016 / Lundin 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) concerning possible violations of federal securities laws between October 8, 2013 and August 12, 2016 (the “Class Period”). Investors, who purchased or otherwise acquired shares during the Class Period, should contact the Firm in advance of the October 24, 2016 lead plaintiff motion deadline.
No class has been certified in the above action. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member.
According to the complaint, Global Digital made false and 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 information was announced, Global Digital shares dropped in value, causing investors harm.
Lundin Law PC was founded by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders’ rights.
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SOURCE: Lundin Law PC