SAN FRANCISCO, June 27, 2018 (GLOBE NEWSWIRE) -- Hagens Berman Sobol Shapiro LLP reminds investors in Switch, Inc. (NYSE: SWCH ) of the August 10, 2018 Lead Plaintiff deadline in the pending securities class action. If you purchased or otherwise acquired securities of Switch pursuant or traceable to its October 2017 initial public offering (IPO) and suffered losses contact Hagens Berman Sobol Shapiro LLP. For more information visit:
https://www.hbsslaw.com/cases/SWCH
or contact Reed Kathrein, who is leading the firm’s investigation, by calling 510-725-3000 or emailing
During early October 2017, Defendants priced Switch’s IPO consisting of 31.25 million Class A common shares at $17 per share.
The complaint charges Defendants (1) improperly overstated 2017 revenue growth and 2018 revenue prospects, and (2) did not disclose that nearly all reported sales growth was due to just one of Switch’s campuses.
On June 11, 2018, the price of Switch shares closed at $12.90 (about 24% lower than the IPO price).
“We’re focused on investors’ losses and Defendants’ apparently misleading disclosures about Switch’s revenues and other operational matters,” said Hagens Berman partner Reed Kathrein.
Whistleblowers: Persons with non-public information regarding Switch should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 510-725-3000 or email SWCH@hbsslaw.com .
About Hagens Berman Hagens Berman is a national investor-rights law firm headquartered in Seattle, Washington with 80+ attorneys in 10 offices across the country. The Firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes can be found at www.hbsslaw.com . For the latest news visit our newsroom or follow us on Twitter at @classactionlaw .
Contact: Reed Kathrein, 510-725-3000
