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Gridsum Holding Inc.

Case Summary

Gridsum Holding Inc. Securities Litigation

Case Summary

Case Status:    ONGOING    
On or around 09/17/2018 (Ongoing date of last review)

Filing Date: April 25, 2018

According to the law firm press release, Gridsum is a holding company that designs and develops sophisticated data analysis software for multinational and domestic enterprises and government agencies in China. The Company offers software that allows customers to collect and analyze information that is collected, indexed, and stored in an organized manner.

The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) Gridsum lacked effective internal control over financial reporting; (ii) consequently, Gridsum’s financial statements were inaccurate and misleading, and did not fairly present, in all material respects, the financial condition and results of operations of the Company; and (iii) as a result of the foregoing, Gridsum’s public statements were materially false and misleading at all relevant times.

On September 17, 2018, the Court issued an Order consolidating cases and appointing Lead Plaintiff and Counsel.

Company & Securities Information

Defendant: Gridsum Holding Inc.

COMPANY INFORMATION:

Sector: Technology
Industry: Software & Programming
Headquarters: China

SECURITIES INFORMATION:

Ticker Symbol: GSUM
Company Market: NASDAQ
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.

First Identified Complaint

Peifa Xu, et al. v. Gridsum Holding Inc., et al.

COURT: S.D. New York
DOCKET #: 18-CV-03655
JUDGE: Hon. Edgardo Ramos
DATE FILED: 04/25/2018
CLASS PERIOD START: 04/27/2017
CLASS PERIOD END: 04/20/2018
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Pomerantz LLP (New York)
    600 Third Avenue, Pomerantz LLP (New York), NY 10016
    212.661.1100 212.661.8665 · info@pomerantzlaw.com/
First Identified Complaint (FIC) Filings:
No Document Title Filing Date
1 Class Action Complaint 04/25/2018
2 U.S. District Court Civil Docket 09/17/2018
3 Opinion and Order 09/17/2018

Reference Complaint

—Reference Complaint Complaint Related Data is not available

Related District Court Filings

—Related District Court Filings Data is not available
 
 

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