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Philadelphia, Pennsylvania--(Newsfile Corp. - August 22, 2023) - A recently filed securities fraud class action complaint alleges that Vertiv Holdings Co. (NYSE: VRT), via certain officers and directors, made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects.
Specifically, the complaint alleges that the Company, via certain officers and directors, failed to disclose to investors: (1) that the Company could not adequately respond to supply chain issues and inflation by increasing its prices; (2) that, as a result of the increasing costs, Vertiv's earnings would be adversely impacted; and (3) that, as a result of the foregoing, positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Current Vertiv shareholders who have held Vertiv shares since on or before April 28, 2021, can seek corporate reforms, the return of funds back to the company, and a court approved incentive award at no cost to them whatsoever.
If you would like to learn more about this matter, you are encouraged to contact us at jgrabar@grabarlaw.com, visit https://grabarlaw.com/the-latest/vertiv-shareholder-investigation/, or call 267-507-6085.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/178060
SOURCE Grabar Law Office
