Jakubowitz Law announces that a securities fraud class action lawsuit has commenced on behalf of shareholders of Vertiv Holdings Co.
The lawsuit seeks to recover losses for shareholders who purchased Vertiv between April 28, 2021 and February 23, 2022.
Shareholders interested in acting as a lead plaintiff representing the class of wronged shareholders have until May 23, 2022 to petition the court. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
According to a filed complaint, Vertiv Holdings Co issued materially false and/or misleading statements and/or failed to disclose that: (1) the Company could not adequately respond to supply chain issues and inflation by increasing its prices; (2) as a result of the increasing costs, Vertiv’s earnings would be adversely impacted; and (3) as a result of the foregoing, defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.
1140 Avenue of the Americas
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887