A securities class action has been filed in the USDC — N.D.CA. against Equinix, Inc. (EQIX) (“Equinix” or the “Company”), on behalf of all persons or entities that purchased or otherwise acquired Equinix securities Inc. between May 3, 2019 and March 24, 2024, both dates inclusive (the “Class Period”).

Defendant Equinix describes itself as “the world’s digital infrastructure company.” Equinix operates as a real estate investment trust (“REIT”) for tax purposes. Equinix owns data centers in most parts of the world. As of February 2016, Equinix owned 260 data centers around the world. Other organizations lease space within these data centers to house their software.

 The Complaint alleges that defendants throughout the Class Period made materially false and/or misleading statements and/or failed to disclose that:

(1) Equinix manipulated its financials to reduce operational expenses and boost Adjusted Funds From Operations (“AFFO”);

(2) Equinix oversold power capacity and did not warn of the risks associated with this practice;

(3) Equinix lacked adequate internal controls; and

(4) as a result, Defendants’ public statements were materially false and/or misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages

If you purchased Equinix securities during the class period and would like to receive more information or join the action, please enter your contact information below for a FREE consultation and click “Submit Your Information”.

About Lowey Dannenberg

Lowey Dannenberg is a national firm representing institutional and individual investors, who suffered financial losses resulting from corporate fraud and malfeasance in violation of federal securities and antitrust laws. The firm has significant experience in prosecuting multi-million-dollar lawsuits and has previously recovered billions of dollars on behalf of investors.