[April 26, 2018]

Bragar Eagel & Squire, P.C. Announces That a Class Action Lawsuit Has Been Filed Against Gridsum Holding Inc. (GSUM) and Encourages Investors to Contact the Firm

Bragar Eagel & Squire, P.C. announces that a class action lawsuit has been filed in the U.S. District Court for the Southern District of New York on behalf of all persons or entities who purchased or otherwise acquired Gridsum Holding Inc. (NASDAQ:GSUM) securities between April 27, 2016 and February 20, 2018 (the "Class Period"). Investors have until June 25, 2018 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

The complaint alleges that Defendants made materially false and/or misleading statements and/or failed to disclose that: (1) Gridsum lacked effective internal control over financial reporting; (2) 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 (3) as a result of the foregoing, Gridsum's public statements were materially false and misleading at all relevant times.

If you purchased or otherwise acquired Gridsum securities during he Class Period or continue to hold shares purchased prior to the Class Period, have information, 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 Brandon Walker or Melissa Fortunato by email at [email protected], or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.

Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation. For additional information concerning the Gridsum Holding Inc. lawsuit, please go to http://www.bespc.com/gridsum. For additional information about Bragar Eagel & Squire, P.C., please go to www.bespc.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20180426006564/en/

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