Equinix, Inc. (EQIX)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Equinix, Inc. (“Equinix” or “the Company”) (NASDAQ: EQIX). Investors who purchased Equinix securities are encouraged to obtain additional information and assist the investigation.
The investigation concerns whether Equinix has violated federal securities laws.
Investigation Details:
On March 20, 2024, Hindenburg Research published a short report alleging that Equinix’s senior management was manipulating key financial metrics to boost the appearance of profitability and trigger executive stock grants (the “Hindenburg Report”). Following publication of the Hindenburg Report, Equinix’s stock price fell $19.70 per share, or 2.33%, to close at $824.88 per share on March 20, 2024.
Then, on March 25, 2024, Equinix disclosed that the Audit Committee of the Company’s Board of Directors had commenced an independent investigation to review the matters referenced in the Hindenburg Report and that following publication of the Hindenburg Report, the Company received a subpoena from the U.S. Attorney’s Office for the Northern District of California.
On this news, Equinix’s stock price fell $8.45 per share, or 1.05%, to close at $792.52 per share on March 25, 2024.
What’s Next?
If you are aware of any facts relating to this investigation or purchased Equinix securities, you can assist this investigation. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.
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Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson