SAN FRANCISCO, June 20, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges Equinix, Inc. (NASDAQ:EQIX) investors who suffered substantial losses to take action by submitting your losses now.
Class Period: May 3, 2019 – Mar. 24, 2024
Lead Plaintiff Deadline: July 1, 2024
Visit: www.hbsslaw.com/investor-fraud/EQIX
Contact the Firm Now: EQIX@hbsslaw.com
844-916-0895
Equinix, Inc. (NASDAQ:EQIX) Class Action:
Data center giant Equinix remains embroiled in a public spat with short seller Hindenburg Research over its accounting practices. The controversy centers on Equinix's reported Adjusted Funds from Operations (AFFO), a key profitability metric for real estate investment trusts (REITs).
Hindenburg ignited the firestorm in a March 2024 report, alleging Equinix manipulates AFFO by misclassifying essential maintenance expenditures as growth-related capital expenditures (CapEx). This tactic, according to Hindenburg, artificially inflates profitability.
Equinix responded by convening its audit committee to conduct ...
EQIX) Financials Under Scrutiny as Short Seller Dispute Intensifies - Hagens Berman>Full story available on Benzinga.com