Equinix TKOs Shareholder Suit Over $700M Merger

Law360, Los Angeles (June 13, 2013, 11:02 PM EDT) -- A California federal judge on Wednesday threw out a putative class action by Equinix Inc. shareholders who alleged the company misrepresented its finances following a $700 million acquisition of competitor Switch and Data Facilities Co. Inc., saying the plaintiffs’ third amended complaint merely rehashed old arguments.

U.S. District Judge Samuel Conti granted the data center provider’s April motion to dismiss the plaintiffs’ third amended complaint with prejudice, effectively ending a two-year legal battle over the purported misrepresentations.

“The court finds that the [third amended complaint] does...
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