Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against Equinix, Inc. on behalf of long-term stockholders following a class action complaint filed against the company, focusing on possible breaches of fiduciary duties by the board of directors [1][2]. Summary by Relevant Sections - Class Action Details - The class action complaint was filed on May 2, 2024, with a Class Period from May 3, 2019, to March 24, 2024 [1]. - Allegations Against Equinix - The lawsuit alleges that Equinix made materially false and misleading statements, including: 1. Manipulation of financials to reduce operational expenses and inflate Adjusted Funds From Operations (AFFO) [2]. 2. Overselling power capacity without disclosing associated risks [2]. 3. Lack of adequate internal controls [2]. 4. Public statements made by defendants were materially false and misleading throughout the relevant period [2]. - Contact Information for Stakeholders - Long-term stockholders of Equinix are encouraged to reach out for more information regarding the claims or their rights [3].
EQUINIX ALERT: Bragar Eagel & Squire, P.C. is Investigating Equinix, Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm