Investigation into GDS Holdings Limited Announced
On July 31, 2018, a report published by Blue Orca Capital alleged that “GDS is borrowing crippling amounts of debt to enrich insiders by acquiring data centers from undisclosed related parties which are not nearly as valuable as the Company claims. We believe that since becoming a public Company, GDS has borrowed recklessly to siphon off at least $696 Million to insiders by inflating the purchase price of undisclosed related party acquisitions.” Further, the report stated that Blue Orca had uncovered evidence of “unrelated data center operators selling a substantial amount of empty cabinet space in a building which is supposedly exclusively operated and 94% utilized by GDS.”
Then, the price of GDS Holdings shares plummeted. Peiffer Wolf Carr & Kane’s investigation is focusing on whether GDS Holdings and/or its officers and directors violated state or federal securities laws.
Current or Former shareholder of GDS Holdings?
If you are a GDS Holdings shareholder and have suffered losses, please Contact the Securities Attorney of Peiffer Wolf Carr & Kane for a FREE Consultation by filling out a Contact Form or by calling 504-523-2434.
FREE CONSULTATION | 585-310-5140
Peiffer Wolf Carr & Kane is currently investigating claims for current and prior shareholders of GDS Holdings. Contact Us Today by calling 504-523-2434 or by filling out an online Contact Form for a FREE Consultation. Concerns about possible misconduct and fraud are serious, and we are committed to fighting on your behalf.
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