Switch Inc

0 DAYS LEFT TO SEEK LEAD PLAINTIFF STATUS

Case Summary
Company Name: Switch Inc
Stock Symbol : NYSE: SWCH
Class Period Start: 10/06/2017
Class Period End: 06/11/2018
Lead Plaintiff motion: 08/10/2018
Date Filed: 08/10/2018
Type of Case: Securities Class Action
Court: U.S. District Court for the District of New Jersey
Summary:

Thieler Law Corp advises investors with losses exceeding $100,000 of the August 10, 2018 lead plaintiff deadline in a class action lawsuit filed against Switch Inc (NYSE: SWCH) (“Switch” or “the Company”). The suit is pending in the U.S. District Court for the District of New Jersey and investors, who purchased Switch Class A common stock pursuant to and/or traceable to Switch’s Initial Public Offering (“IPO”) commenced on or around October 6, 2017, have until August 10, 2018 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Switch Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that Switch's Grand Rapids and Atlanta facilities would never be as profitable as its Las Vegas facility, diminishing the yield on Switch's recent capital expenditures acquiring and building out those facilities will bear; Switch's high capital expenditures to create high redundancy levels at its facilities were not as profitable as they once had been in the past; Switch had already spent an additional more than $64 million on unbudgeted capital expenditures during the third quarter of 2017 that was not disclosed to investors until after the IPO; Switch recognized $9.4 million in revenues during FY17 that it would not provide colocation services for until FY18, meaning its reported FY17 revenue growth and its FY18 revenue prospects were both overstated; eBay, Switch's largest colocation customer, would not be taking possession of colocation space it had reserved at Switch's Tahoe/Reno facility in early 2018; and as a result of the foregoing, at the time of the IPO, Switch's business and financial prospects were not what defendants had led the market to believe they were in the Registration Statement.

If you were negatively impacted by your investment in Switch Inc purchased Switch Class A common stock pursuant to and/or traceable to Switch’s Initial Public Offering (“IPO”) commenced on or around October 6, 2017 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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