Equinix Bests Investor Suit Over $700M Merger Forecasts

Law360, New York (March 5, 2012, 4:10 PM EST) -- A California federal judge on Friday tossed a putative class action by Equinix Inc. shareholders who alleged that the company painted a misleadingly rosy picture of its finances surrounding a $700 million acquisition of competitor Switch and Data Facilities Co. Inc.

U.S. District Judge Samuel Conti granted a motion to dismiss filed by the data center provider, its CEO and its chief financial officer, finding that the plaintiffs had failed to allege any actionable statements because the predictions in question were protected by the Private Securities...
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