INTC - Bragar Eagel & Squire P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against Equinix Intel AXT and Harbor Diversified and Encourages Investors to Contact the Firm | Benzinga
NEW YORK, June 11, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, reminds investors that class actions have been commenced on behalf of stockholders of Equinix (NASDAQ:EQIX), Intel Corporation (NASDAQ:INTC), AXT, Inc. (NASDAQ:AXTI), and Harbor Diversified, Inc. (OTC:HRBR). Stockholders have until the deadlines below to petition the court to serve as lead plaintiff. Additional information about each case can be found at the link provided.
Equinix (NASDAQ:EQIX)
Class Period: May 3, 2019 - March 24, 2024
Lead Plaintiff Deadline: July 1, 2024
According to the lawsuit, 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.
For more information on the Equinix class action go to: https://bespc.com/cases/EQIX
Intel Corporation (NASDAQ:INTC)
Class Period: January 25, 2024 - April 25, 2024
Lead Plaintiff Deadline: July 2, 2024
On April 2, 2024, after the markets closed, Intel issued a press release which disclosed a retrospective revision of the Company's financial results under the new Foundry model reporting structure, revealing that the Foundry segment experienced an operating loss of $7 billion on sales of ...