SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Gridsum Holding Inc. (GSUM)

NEW YORK, April 24, 2017 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Gridsum Holding Inc. ("Gridsum" or the "Company") (NASDAQ: GSUM). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/gsum.

The investigation concerns whether Gridsum and certain of its officers and/or directors have violated federal securities laws.

On April 23, 2018, Gridsum issued a press release announcing that 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 press release, Gridsum's auditor identified certain issues in conducting its audit of Gridsum's financial results for the year ended December 31, 2017.  Those issues related to "certain revenue recognition, cash flow, cost, expense items, and their underlying documentation which [the auditor] had previously raised" with Gridsum. On this news, Gridsum's American depositary receipt price fell sharply during intraday trading on April 23, 2018.

If you are aware of any facts relating to this investigation, or purchased Gridsum shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/gsum. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484. 

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration.   Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com

View original content with multimedia:http://www.prnewswire.com/news-releases/shareholder-alert-bronstein-gewirtz--grossman-llc-announces-investigation-of-gridsum-holding-inc-gsum-300634948.html

SOURCE Bronstein, Gewirtz & Grossman, LLC