NEW
YORK, May 13, 2022 /PRNewswire/ -- Jakubowitz
Law announces that a securities fraud class action lawsuit has
commenced on behalf of shareholders of Vertiv Holdings Co (NYSE:
VRT).
To receive updates on the lawsuit, fill out the
form:
https://claimyourloss.com/securities/vertiv-holdings-co-loss-submission-form/?id=27150&from=4
This lawsuit is on behalf of persons and entities that: (a)
purchased or otherwise acquired Vertiv securities between
February 24, 2021, and February 23, 2022, inclusive; and/or (b)
purchased Vertiv shares in or traceable to the Company's secondary
public offering of Class A common stock conducted on or around
November 4, 2021.
Shareholders interested in acting as a lead plaintiff
representing the class of wronged shareholders have until
May 23, 2022 to petition the
court. Your ability to share in any recovery doesn't require that
you serve as a lead plaintiff.
According to a filed complaint, Vertiv Holdings Co issued
materially false and/or misleading statements and/or failed to
disclose that: (1) the Company could not adequately respond to
supply chain issues and inflation by increasing its prices; (2) as
a result of the increasing costs, Vertiv's earnings would be
adversely impacted; and (3) as a result of the foregoing,
defendants' positive statements about the Company's business,
operations, and prospects were materially misleading and/or lacked
a reasonable basis.
Jakubowitz Law is vigorous in pursuit of justice for
shareholders who have been the victim of securities fraud. Attorney
advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887
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SOURCE Jakubowitz Law