UPCOMING EQIX DEADLINE: Bronstein, Gewirtz and Grossman, LLC Reminds Investors of a Lead Plaintiff Deadline in Equinix Inc. Lawsuit!
Bronstein, Gewirtz & Grossman, a recognized law firm, has announced a class action lawsuit against Equinix (NASDAQ: EQIX) and some of its officers. The lawsuit claims that between May 3, 2019, and March 24, 2024, the company made false or misleading statements and failed to disclose important information, including financial manipulations and inadequate internal controls. Investors who suffered losses have until July 1, 2024, to request to be lead plaintiffs. The firm is working on a contingency fee basis.
- Bronstein, Gewirtz & Grossman is a nationally recognized firm with a history of recovering hundreds of millions for investors.
- The firm works on a contingency fee basis, minimizing upfront costs for investors.
- Allegations of financial manipulation to reduce operational expenses and boost AFFO.
- Claims that Equinix oversold power capacity without warning investors of associated risks.
- Accusations of inadequate internal controls, making public statements materially false or misleading.
- Potential reputational damage and financial loss for Equinix due to the lawsuit.
NEW YORK CITY, NY / ACCESSWIRE / June 6, 2024 / Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Equinix, Inc. ("Equinix" or "the Company") (NASDAQ:EQIX) and certain of its officers.
Class Definition:
This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Equinix securities between May 3, 2019 and March 24, 2024, inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site: bgandg.com/EQIX.
Case Details:
The Complaint alleges that, throughout the Class Period, Defendants made materially false and/or misleading statements and/or failed to disclose that: (1) Equinix manipulated its financials to reduce operational expenses and boost Adjusted Funds From Operations ("AFFO"); (2) Equinix oversold power capacity and did not warn of the risks associated with this practice; (3) Equinix lacked adequate internal controls; and (4) as a result, Defendants' public statements were materially false and/or misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
What's Next?
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm's site: bgandg.com/EQIX or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 332-239-2660. If you suffered a loss in Equinix you have until July 1, 2024, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff.
There is No Cost to You
We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.
Why Bronstein, Gewirtz & Grossman:
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Nathan Miller
332-239-2660 | info@bgandg.com
SOURCE: Bronstein, Gewirtz & Grossman, LLC
View the original press release on accesswire.com
FAQ
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