According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that:
- Equinix manipulated its financials to reduce operational expenses and boost Adjusted Funds From Operations (“AFFO”);
- Equinix oversold power capacity and did not warn of the risks associated with this practice;
- Equinix lacked adequate internal controls; and
- as a result, defendants’ public statements were materially false and/or misleading at all relevant times.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
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