ATLANTA--(BUSINESS WIRE)--Holzer Holzer & Fistel, LLC announces that it is investigating potential breaches of fiduciary duties by certain officers and directors of Equinix, Inc. (“Equinix” or the “Company”) (NASDAQ: EQIX). On March 4, 2011, an investor filed a class action lawsuit in the Northern District of California alleging that Equinix violated the federal securities laws between July 29, 2010 and October 5, 2010 (the “Class Period”). The lawsuit alleges, among other things, that Equinix unlawfully failed to disclose problems the Company was having integrating the recently acquired Switch & Data Corporation Facilities Company, while simultaneously overstating demand for certain of its services. According to the complaint, the failure to timely disclose these problems rendered the Company’s Class Period statements about its financial well being and future business prospects false and misleading.
Holzer Holzer & Fistel, LLC’s investigation seeks to determine if the allegations contained in the class action complaint also give rise to separate claims for breaches of fiduciary duties.
If you have continuously held shares since at least July 29, 2010, and plan to continue to hold at least some shares of Equinix, and would like to discuss your legal rights, you may contact Michael I. Fistel, Jr., Esq., or Marshall P. Dees, Esq. via email at mfistel@holzerlaw.com, or mdees@holzerlaw.com, or via toll-free telephone at (888) 508-6832.
Holzer Holzer & Fistel, LLC is an Atlanta, Georgia law firm that dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. More information about the firm is available through its website, www.holzerlaw.com and upon request from the firm. Holzer Holzer & Fistel, LLC has paid for the dissemination of this promotional communication, and Michael I. Fistel, Jr. is the attorney responsible for its content.