Globenewswireยท2025-11-19 18:07Core Viewpoint - Iron Mountain Inc. is under investigation for potential securities law violations following a report from Gotham City Research that alleges the company has understated its leverage and inflated adjusted EBITDA, while also facing customer lawsuits regarding fee increases and aggressive practices [2][4]. Group 1: Company Allegations - Gotham City Research claims that Iron Mountain has understated its leverage and inflated adjusted EBITDA through recurring add-backs [2]. - The report also highlights customer lawsuits accusing Iron Mountain of imposing sharply higher fees and engaging in "ransom-like" practices related to record retrieval and destruction [2]. Group 2: Investigation and Legal Actions - Block & Leviton is investigating Iron Mountain for potential securities law violations and may file an action to recover losses for affected investors [4]. - Investors who have lost money on their Iron Mountain investments are encouraged to contact Block & Leviton for more information on recovery options [3][5]. Group 3: Whistleblower Information - Individuals with non-public information about Iron Mountain are encouraged to assist in the investigation or report to the SEC under the whistleblower program, with potential rewards of up to 30% of any successful recovery [6]. Group 4: Firm Background - Block & Leviton is recognized as a leading securities class action firm, having recovered billions for defrauded investors and representing many top institutional investors [7].