Update on Lawsuit for Equinix, Inc. (NASDAQ: EQIX) Investors – Shareholders Foundation, Inc.

Equinix, Inc. (NASDAQ: EQIX) Faces Lawsuit Over Alleged Securities Violations

In a recent development, Equinix, Inc. (NASDAQ: EQIX) is facing a lawsuit from an investor over alleged securities laws violations. The lawsuit, filed on May 2, 2024, accuses Equinix of manipulating its financials to reduce operational expenses and boost Adjusted Funds From Operations (“AFFO”). It also alleges that Equinix oversold power capacity without warning investors of the associated risks and lacked adequate internal controls.

The plaintiff claims that Equinix’s public statements were materially false and misleading, leading to financial losses for investors who purchased shares prior to May 2019. The court appointed a lead plaintiff and lead counsel in the case on August 15, 2024.

Investors who continue to hold shares of Equinix, Inc. (NASDAQ: EQIX) are urged to contact the Shareholders Foundation, Inc. for more information on their legal options. The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and settlement claim filing service that provides research on shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal news related to the stock market.

For more information, contact Michael Daniels at mail@shareholdersfoundation.com or call +1 (858) 779-1554. Stay tuned for further updates on this developing story.

Source: Shareholders Foundation, Inc.