DENVER, CO – April 5, 2018 – Berens Law LLC today announced that it is investigating potential violations of the federal securities laws by Switch, Inc., (NYSE: SWCH) and certain of its officers and directors. Switch, through its subsidiary, Switch, Ltd., provides colocation space and related services to technology and digital media companies, cloud and managed service providers, financial institutions, government agencies, and telecommunications providers that conduct critical business on the Internet.
On October 6, 2017, Switch sold 31,250,000 million shares of stock in its initial public stock offering at $17 a share, raising $531,250,000 in new capital. However, since the IPO, Switch’s stock price has imploded, and on April 3, 2018 the stock was trading below $14.
Berens Law’s investigation seeks to determine whether the company’s filings with the U.S. Securities and Exchange Commission in connection with its IPO contained untrue statements of material fact or omitted to state other facts necessary to make the statements made therein not misleading.
If you have information that could assist in this investigation, or if you are a Switch shareholder and are interested in learning more about the investigation and your legal rights and remedies, please contact Jeffrey A. Berens at (800) 287-9272 or via email at email@example.com.
Berens Law LLC represents investors in securities class action and shareholder derivative lawsuits, and over the years has recovered hundreds of millions of dollars for clients.
Jeffrey A. Berens, Esq.
Berens Law LLC
2373 Central Park Boulevard
Denver, CO 80238
Tel: (800) 287-9272