Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against Vertiv Holdings Co. due to a class action complaint alleging breaches of fiduciary duties by the board of directors during a specified class period [1] Financial Performance - On February 23, 2022, Vertiv reported disappointing financial results with earnings per share of $0.06 for Q4 2021, significantly missing analyst estimates of $0.28 per share [2] - Following the announcement, Vertiv's stock price dropped by $7.19, or 37%, closing at $12.38 per share on the same day, amidst unusually high trading volume [2] Allegations in Class Action - The class action complaint alleges that Vertiv's management made materially false and misleading statements and failed to disclose critical adverse facts about the company's operations and prospects [3] - Specific allegations include the inability to adequately respond to supply chain issues and inflation, which adversely impacted earnings, and that positive statements made by management were misleading and lacked a reasonable basis [3]
VERTIV ALERT: Bragar Eagel & Squire, P.C. is Investigating Vertiv Holdings Co. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm