Robbins Geller Rudman & Dowd LLP announced a proposed settlement in the Equinix Securities Litigation for $41,500,000 in cash. This settlement aims to resolve a class action lawsuit that covered all persons who purchased or acquired Equinix common stock between May 3, 2019, and March 24, 2024. The proposed resolution seeks to conclude a period of legal uncertainty for the company.
A hearing to consider the approval of the settlement is scheduled for December 18, 2025, before the Honorable Vince Chhabria in the United States District Court for the Northern District of California. Class members have until December 24, 2025, to submit a Proof of Claim and Release form to share in the distribution of the Net Settlement Fund. Failure to do so will preclude them from receiving any recovery.
The litigation stemmed from a Hindenburg Research report that alleged Equinix had overstated its Adjusted Funds From Operations by more than 20% in 2023. While the settlement involves a significant cash payment, its finalization removes a legal overhang, allowing the company to move forward without the distraction and potential costs of ongoing litigation. This resolution is generally viewed as a positive step for investor confidence.
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