Aug 24, 2016
OTC Disclosure & News Service
GoldbergLaw PC (the “Firm”) announces that a class action lawsuit has beenfiled against Global Digital Solutions Inc. (“Global Digital” or the“Company”) (Other OTC: GDSI). Investors who purchased or otherwiseacquired shares between October 8, 2013 and August 12, 2016 inclusive(the “Class Period”) are encouraged to contact the Firm in advance ofthe October 24, 2016 lead plaintiff motion deadline.
If you are a shareholder who suffered a loss during the Class Period, clickhere to participate. In addition, we advise you to contactMichael Goldberg or Brian Schall, of Goldberg Law PC, 1999 Avenue of theStars, Suite 1100, Los Angeles, CA 90067, at 800-977-7401, to discussyour rights without cost to you. You can also reach us through thefirm’s website at http://www.Goldberglawpc.com,or by email at [email protected].
The class in this case has not yet been certified, and untilcertification occurs, you are not represented by an attorney. If youchoose to take no action, you can remain an absent class member.
The complaint alleges that Global Digital made false and/or misleadingstatements and/or failed to disclose that: Airtronic USA, Inc.’soriginal equipment manufacturer supplier agreement that Global Digitaldisclosed in its October 2013 press releases did not exist; that theCompany failed to remove misleading statements from its website evenafter repeated requests to do so from the CEO of Airtronic; that GlobalDigital lacked a reasonable basis for its revenue projection for 2014;that the Company had no credible financing to acquire any company; thatGlobal Digital received various communications indicating RemingtonOutdoor Company, Inc. had no interest in Global Digital’s unsolicitedacquisition offer; that Remington had already rejected Global Digital’soffer on several occasions; and that as a result of the above, theCompany’s statements about its business, operations and prospects werematerially false and misleading and/or lacked a reasonable basis at allrelevant times. When this news was announced, Global Digital shares fellin value, causing investors harm.
Goldberg Law PC represents shareholders around the world and specializesin securities class actions and shareholder rights litigation.
This press release may be considered Attorney Advertising in somejurisdictions under the applicable law and ethical rules.
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