Philadelphia, Pennsylvania--(Newsfile Corp. - August 9, 2023) - A recently filed securities fraud class action Complaint alleges that Vertiv (NYSE: VRT), via certain officers and directors, 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, the Complaint alleges Defendants failed to disclose to investors: (1) that the Company could not adequately respond to supply chain issues and inflation by increasing its prices; (2) that, as a result of the increasing costs, Vertiv's earnings would be adversely impacted; and (3) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Current Vertiv shareholders who have held Vertiv shares since on or before April 28, 2021, can seek corporate reforms, the return of funds back to the company, and a court approved incentive award at no cost to them whatsoever.
If you would like to learn more about this matter, you are encouraged to contact us at jgrabar@grabarlaw.com, visit https://grabarlaw.com/the-latest/vertiv-shareholder-investigation/, or call 267-507-6085.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/176625
