Cases
Gridsum Holding Inc. (GSUM)
Securities Class Action
Overview
Overview
- Date:
- 4/23/2018
- Company Name:
- Gridsum Holding, Inc.
- Stock Symbol:
- GSUM
- Status:
- Filed
NEW YORK, April 23, 2018 – Bragar Eagel & Squire, P.C. is investigating potential claims against Gridsum Holding Inc. (NASDAQ: GSUM). Our investigation concerns whether Gridsum has violated the federal securities laws and/or engaged in other unlawful business practices.
On April 23, 2018, Gridsum filed a press release announcing its audit report for the Company’s financial statements for the year ended December 31, 2016 should no longer be relied upon. According to the release, the Company’s auditor had determined the presence of “certain issues” relating to “revenue recognition, cash flow, cost, expense items, and their underlying documentation.”
Following this news, Gridsum shares fell $1.17 per share, or almost 16%, to close at $6.12 on April 23, 2018.
If you acquired Gridsum securities during the Class Period, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.
On April 23, 2018, Gridsum filed a press release announcing its audit report for the Company’s financial statements for the year ended December 31, 2016 should no longer be relied upon. According to the release, the Company’s auditor had determined the presence of “certain issues” relating to “revenue recognition, cash flow, cost, expense items, and their underlying documentation.”
Following this news, Gridsum shares fell $1.17 per share, or almost 16%, to close at $6.12 on April 23, 2018.
If you acquired Gridsum securities during the Class Period, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.