NEW YORK, Aug. 29, 2016 (GLOBE NEWSWIRE) -- The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the USDC for the District of New Jersey on behalf of investors who purchased Global Digital Solutions, Inc. (OTCMKTS:GDSI) securities between October 8, 2013 and August 12, 2016.
Click here to learn about the case: http://www.wongesq.com/pslra/global-digital-solutions. There is no cost or obligation to you.
According to the complaint, throughout the Class Period, Defendants issued false and/or misleading statements to investors and/or failed to disclose that: (1) Airtronic USA, Inc.’s original equipment manufacturer supplier agreement that Global Digital disclosed in its press releases in October 2013 did not exist; (2) Global Digital failed to remove these misleading statements from its website despite repeated requests from the CEO of Airtronic; (3) Global Digital had no credible financing in place to acquire a company; (4) Global Digital received communications indicating Remington Outdoor Company, Inc. had no interest in Global Digital’s unsolicited acquisition offer; and (5) Remington had already rejected Global Digital’s offer on several occasions.
If you suffered a loss in Global Digital you have until October 24, 2016 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. To obtain additional information, contact Vincent Wong, Esq. either via email vw@wongesq.com, by telephone at 212.425.1140, or visit http://www.wongesq.com/pslra/global-digital-solutions.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.