Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Global Digital Solutions, Inc. (OTC:GDSI) resulting from allegations that Global Digital may have issued materially misleading business information to the investing public.
On August 12, 2016, the Securities and Exchange Commission (“SEC”) charged Global Digital’s former chairman and CEO Richard J. Sullivan (“Sullivan”), and former CFO David A. Loppert (“Loppert”) with defrauding investors by issuing false and misleading press releases purporting that Global Digital was a budding leader in cyber arms manufacturing and security technology solutions. According to the SEC’s complaint, Sullivan and Loppert were behind the press releases and corporate filings that falsified Global Digital’s operations and revenue projections when in reality it had no customers, never manufactured any cyber arms, and never provided any security technology services or solutions.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Global Digital investors. If you purchased shares of Global Digital on or before August 12, 2016, please visit the firm’s website at http://www.rosenlegal.com/cases-937.html for more information. You may also contact Phillip Kim or Kevin Chan of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or kchan@rosenlegal.com.
Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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