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SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Reminds Investors of Class Action Against Global Digital Solutions (GDSI) and Lead Plaintiff Deadline: October 24, 2016
SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Reminds Investors of Class Action Against Global Digital Solutions (GDSI) and Lead Plaintiff Deadline: October 24, 2016.
About this update from Global Digital Solutions, Inc.
[{"type":"text","content":"\nNEW YORK, Sept. 15, 2016 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against Global Digital Solutions (“Global Digital” or the “Company”) (OTCMKT:GDSI) and certain of its officers. The class action is on behalf of a class consisting of all persons or entities who purchased Global Digital securities between October 8, 2013 and August 12, 2016, inclusive (the “Class Period”).\nThis class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934 (the “Exchange Act”). The Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Airtronic USA, Inc.’s original equipment manufacturer supplier agreement that Global Digital disclosed in its October 2013 press releases did not exist; (2) Global Digital failed to remove these misleading statements from its website despite repeated requests to do so from Airtronic’s CEO; (3) Global Digital lacked a reasonable basis for its revenue projection for 2014; (4) Global Digital had no credible financing in place to acquire any company; (5) Global Digital received various communications indicating Remington Outdoor Company, Inc. had no interest in Global Digital’s unsolicited acquisition offer; (6) Remington had already rejected Global Digital’s offer on several occasions; and (7) consequently, Defendants’ statements about Global Digital’s business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firm’s site: http://www.bgandg.com/gdsi or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email [email protected]. Those who inquire by e-mail are encouraged to include their mailing address and telephone number.  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 a...