Gridsum Shareholder Alert: Bernstein Liebhard LLP Investigates Claims On Behalf Of Investors Of Gridsum Holding Inc. – GSUM

April 23, 2018

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NEW YORK, April 23, 2018 /PRNewswire/ — Bernstein Liebhard LLP is investigating potential securities fraud claims on behalf of shareholders of Gridsum Holding Inc. (“Gridsum” or the “Company”) (NASDAQ: GSUM). If you purchased Gridsum securities, and/or have information relating to this matter, please visit www.bernlieb.com/Gridsum_Holding_Inc. or contact Daniel Sadeh toll free at (877) 779-1414 or dsadeh@bernlieb.com.

On April 23, 2018, Gridsum issued a press release stating that its auditor’s “audit report for the Company’s financial statements for the year ended December 31, 2016 should no longer be relied upon” by investors. During its audit of the Company’s financial results for the year ended December 31, 2017, the Company’s auditor identified issues relating “to certain revenue recognition, cash flow, cost and expense items, and their underlying documentation which PwC had previously raised with the Company.” Gridsum stated that “[t]he Company’s Audit Committee is fully investigating these issues” and “the Company’s 20-F filing will be delayed until such audit is completed.” On this news, Gridsum’s stock fell sharply during intraday trading on April 23, 2018.

Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal’s “Plaintiffs’ Hot List” thirteen times and listed in The Legal 500 for ten consecutive years.

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ATTORNEY ADVERTISING. © 2018 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. The lawyer responsible for this advertisement in the State of Connecticut is Michael S. Bigin.  Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Contact Information
Daniel Sadeh
Bernstein Liebhard LLP
http://www.bernlieb.com 
(877) 779-1414
dsadeh@bernlieb.com

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