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DEADLINE ALERT: Brower Piven Notifies Shareholders of October 24, 2016 Deadline In Class Action Lawsuit And Encourages Those With Losses In Excess of $100,000 From Investment In Global Digital Solutions, Inc. To Contact The Firm - GDSI
DEADLINE ALERT: Brower Piven Notifies Shareholders of October 24, 2016 Deadline In Class Action Lawsuit And Encourages Those With Losses In Excess of $100,000 From Investment In Global Digital Solutions, Inc. To Contact The Firm - GDSI.
About this update from Global Digital Solutions, Inc.
[{"type":"text","content":"\n\n STEVENSON, Md., Oct. 17, 2016 (GLOBE NEWSWIRE) -- The securities litigation law firm of Brower Piven, A Professional Corporation, announces that a class action lawsuit has been commenced in the United States District Court for the District of New Jersey on behalf of purchasers of Global Digital Solutions, Inc. (OTC:GDSI) (“Global Digital” or the “Company”) securities during the period between October 8, 2013 through August 12, 2016, inclusive (the “Class Period”).  Investors who wish to become proactively involved in the litigation have until October 24, 2016 to seek appointment as lead plaintiff.\n If you wish to choose counsel to represent you and the Class, you must apply to be appointed lead plaintiff and be selected by the Court.  The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement for the Class in the action.  The lead plaintiff will be selected from among applicants claiming the largest loss from investment in Global Digital securities during the Class Period.  Members of the Class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff.  No class has yet been certified in the above action. The complaint accuses the defendants of violations of the Securities Exchange Act of 1934 by virtue of the defendants’ failure to disclose during the Class Period that Airtronic USA, Inc.’s (“Airtronic”) original equipment manufacturer (“OEM”) supplier agreement did not exist and Global Digital was requested to remove statements about the OEM supplier agreement from its website by the CEO of Airtronic, Global Digital had no credible financing in place to acquire any company, Remington Outdoor Company, Inc. (“Remington”) had no interest in Global Digital’s unsolicited acquisition offer, and Remington had already rejected Global Digital’s offer on several occasions. According to the complaint, following a December 2, 2013 failure to consummate the merger with Airtronic, a March 12, 2014 Bloomberg report dismissing the potential sale of Freedom Group, and an August 12, 2016 U.S. Securities and Exchange Commission announcement that it charged the Company and certain officers with defrauding investors by issuing false...