Equinix, Inc.

Allegations Against Equinix, Inc. (NASDAQ: EQIX)

Recently, a class action lawsuit was filed against the company. The legal action asserts that the Defendants issued misleading and false statements throughout the Class Period and failed to communicate 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.

Johnson Fistel LLP’s investigation seeks to determine whether Equinix’s senior officers or members of its board of directors harmed the company by breaching their fiduciary duties or otherwise violating securities laws in connection with the foregoing alleged conduct.