NEW YORK, Aug. 29, 2018 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C. reminds investors that class action
lawsuits have been commenced on behalf of stockholders of Mercury Systems, Inc., Tetraphase, and GDS Holdings Limited.
Stockholders have until the deadlines listed below to petition the court to serve as lead plaintiff. Additional information about
each case can be found at the link provided.
Mercury Systems, Inc. (NASDAQ:MRCY)
Class Period: October 24, 2017 - April 24, 2018
Lead Plaintiff Deadline: September 10, 2018
The complaint alleges that throughout the Class Period defendants made false and/or misleading statements and/or
failed to disclose that (1) Mercury’s decision to in-source processing was adversely impacting Mercury’s operating margins and free
cash-flow generation and conversion; (2) Mercury’s model was becoming structurally more working capital intensive; (3) as a result
of the foregoing, Mercury’s public statements were materially false and misleading at all relevant times.
To learn more about the Mercury Systems class action go to: https://bespc.com/mercury/.
Tetraphase Pharmaceuticals, Inc. (NASDAQ: TTPH)
Class Period: March 8, 2017 - February 12, 2018
Lead Plaintiff Deadline: September 25, 2018
The complaint action alleges that throughout the Class Period, Defendants made materially false and/or
misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and
prospects. Specifically, Defendants failed to disclose: (1) Tetraphase was increasing the patient enrollment in its IGNITE3
trial from 1,000 patients to 1,200 patients to meet the trials primary endpoints (within the 10% non-inferiority margin); (2) The
enrollment of more patients in the trial indicated that the existing population was inadequate to meet the trials primary
endpoints; and (3) that, as a result of the foregoing, Defendants statements about Tetraphase’s business, operations, and
prospects, were materially false and/or misleading and/or lacked a reasonable basis.
To learn more about the Tetraphase class action go to: https://bespc.com/tetraphase/.
GDS Holdings Limited (NASDAQ: GDS)
Class Period: November 2, 2016 - July 31, 2018
Lead Plaintiff Deadline: October 1, 2018
The complaint action alleges that throughout the Class Period, Defendants made false and/or misleading
statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects.
Specifically, Defendants failed to disclose that: (1) the Company has overstated its utilization and occupancy rates; (2) it has
made acquisitions with related parties at inflated prices; (3) it has used suspect capital and debt raisings despite large
off-shore cash reserves; (4) it has adopted unorthodox accounts receivable and payable practices; and (5) that, as a result of the
foregoing, Defendant’s statements about GDS’ business, operations, and prospects were materially false and/or misleading and/or
lacked a reasonable basis.
To learn more about the GDS class action go to: http://bespc.com/gds/.
Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities
litigation. For additional information about Bragar Eagel & Squire, P.C., please go to www.bespc.com.
Contacts
Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Melissa Fortunato, Esq.
(212) 355-4648
investigations@bespc.com
www.bespc.com
