Science & Technology
Thu, March 17, 2011Wed, March 16, 2011Tue, March 15, 2011Mon, March 14, 2011Fri, March 11, 2011Thu, March 10, 2011Wed, March 9, 2011Tue, March 8, 2011Mon, March 7, 2011Sun, March 6, 2011Sat, March 5, 2011Fri, March 4, 2011Robbins Umeda LLP Announces an Investigation of Equinix, Inc.
Published in Science and Technology on Wednesday, March 9th 2011 at 20:00 GMT by Market Wire
SAN DIEGO--([ BUSINESS WIRE ])--[ Robbins Umeda LLP ], a [ shareholder rights litigation ] firm, has commenced an investigation into possible breaches of fiduciary duty and other violations of the law by certain officers and directors at Equinix, Inc. (NASDAQ:EQIX). Equinix provides network neutral data center services to enterprises, content providers, financial services companies, and network service providers. Equinix is headquartered in Redwood City, California.
If you own stock in Equinix and would like more information about your [ rights as a shareholder ], please contact attorney Gregory E. Del Gaizo at 800-350-6003 or by e-mail at [ info@robbinsumeda.com ].
Robbins Umeda LLP's investigation concerns whether the officers and directors of Equinix issued materially inaccurate statements to the investing public between July 29, 2010 and October 5, 2010. We are investigating whether Equinix failed to disclose that the company was having difficulty with the integration of its acquisition of Switch and Data Corporation Facilities Company, Inc. into its operations due to a decline in bookings prior to the close of the acquisition and due to Equinix's aggressive synergy plan.
On October 5, 2010, Equinix issued a press release lowering its third quarter and fiscal year 2010 guidance. The company explained during the following analyst conference call that its colocation services business was not as robust as previously disclosed. As a result, the company stated it would transition from a demand fulfillment business model to a demand creation model. After the disclosure of these facts, the company's value fell 33%.
Robbins Umeda LLP represents individual and institutional shareholders in derivative, direct, and class action lawsuits. The law firm's skilled litigation teams include former federal prosecutors, former defense counsel from top multinational corporate law firms, and career [ shareholder rights attorneys ]. Robbins Umeda LLP has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested. For more information, please go to [ http://www.robbinsumeda.com ].
Press release link: [ http://www.robbinsumeda.com/shareholders-rights-blog/equinix-inc/ ]
Attorney Advertising. Past results do not guarantee a similar outcome. We welcome you to [ contact us ] today to discuss your case.
