Attention Long-Term Equinix, Inc. (EQIX) Shareholders: Grabar Law Office Investigates Breach of Fiduciary Duties Claims

November 01, 2024 8:37 AM EDT | Source: Grabar Law Office

Philadelphia, Pennsylvania--(Newsfile Corp. - November 1, 2024) - Grabar Law Office is investigating whether the officers and directors of Equinix, Inc. (NASDAQ: EQIX) violated their fiduciary duties by manipulating financials and misleading investors.

Long-term shareholders can seek corporate reforms, reimbursement of corporate funds spent defending litigation, and court-approved incentive awards, at no cost to them whatsoever.

Have You Held Equinix Shares Since Before May 3, 2019?

If you have owned Equinix shares since prior to May 3, 2019, visit our investigation page to learn more about your legal options and potential for recovery:
https://grabarlaw.com/the-latest/Equinix-Investigation/ or contact Joshua Grabar directly at jgrabar@grabarlaw.com or 267-507-6085.

Why Is Equinix Under Investigation?

A recent securities fraud class action complaint alleges that Equinix engaged in the following misconduct:

  1. Manipulation of financials to cut operational expenses and boost Adjusted Funds From Operations ("AFFO").
  2. Overselling power capacity without disclosing associated risks.
  3. Operating with inadequate internal controls.
  4. Issuing misleading public statements about the company's financial condition.

It is alleged that as a result of these alleged actions, Equinix's stock price was artificially inflated, causing harm to the company and its shareholders.

What You Can Do Now:

Equinix shareholders who have held shares since prior to May 3, 2019 may seek:

  • Corporate reforms to prevent future misconduct.
  • Reimbursement of funds spent defending against litigation.
  • A court-approved incentive award, with no cost to shareholders.

Contact Us Today:

To protect your investment and explore your legal options, visit the investigation page or contact Joshua H. Grabar:

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Contact:
Joshua H. Grabar, Esq.
Grabar Law Office
One Liberty Place
1650 Market Street, Suite 3600
Philadelphia, PA 19103
Tel: 267-507-6085
Email: jgrabar@grabarlaw.com

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/228578

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