Philadelphia, Pennsylvania--(Newsfile Corp. - September 12, 2024) - Grabar Law Office is investigating whether officers and directors of Equinix, Inc. (NASDAQ: EQIX) breached their fiduciary duties owed to the company.
If you have held Equinix shares since prior to May 3, 2019, and would like to learn more about the investigation, your rights, and potential for recovery, please visit https://grabarlaw.com/the-latest/Equinix-Investigation/, contact Joshua Grabar at jgrabar@grabarlaw.com or call 267-507-6085.
WHY: A recently filed federal securities fraud class action complaint alleges that Equinix, Inc. (NASDAQ: EQIX), via certain of its officers and directors, 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.
WHAT YOU CAN DO NOW: Current Equinix shareholders who have held Equinix shares since on or before May 3, 2019, can seek corporate reforms, the return of funds spent defending litigation 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 visit https://grabarlaw.com/the-latest/Equinix-Investigation/, contact Joshua Grabar at jgrabar@grabarlaw.com or call us at 267-507-6085.
Attorney Advertising Disclaimer
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/223096
