GDS Holdings Limited (NASDAQ: GDS)

This lawsuit is for anyone who acquired securities in GDS Holdings Limited (NASDAQ: GDS) from April 12, 2021 through April 3, 2023.

The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors by failing to timely disclose to investors that the Company’s CEO had entered into agreements that could result in him selling enough of his shares to put the Company in breach of loans the Company took, thereby causing those loans to become immediately due.

On April 4, 2023, GDS disclosed that its Chief Executive Officer, William Wei Huang, had entered into pre-paid forward sale contract transactions that may trigger “actual, potential or alleged breaches or early termination of other contracts or agreements” and could potentially “have implications for the purposes of China’s national security review regime and anti-monopoly merger filing requirements.” GDS also warned that “[the] occurrence of any of the foregoing may have a material and adverse effect on [its] business development, financial condition and future prospects.” On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in GDS Holdings Limited (NASDAQ: GDS) from April 12, 2021 through April 3, 2023 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.