Switch & Data Fires Back At Shareholder Complaint

Law360, New York (January 14, 2010, 1:12 PM EST) -- Internet exchange company Switch and Data Facilities Co. Inc. has fired back at a putative shareholder class action, saying its proposed $689 million acquisition by Equinix Inc. should be allowed to proceed.

In a motion to dismiss filed Wednesday with the U.S. District Court for the Middle District of Florida, Switch and Data, along with its eight-member board of directors, said the complaint failed to state a claim upon which relief could be granted and failed to state a claim with particularity.

It pointed out that...
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