The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Vertiv Holdings Co (NYSE: VRT) who purchased (a) securities between February 24, 2021, and February 23, 2022, inclusive; and/or (b) shares in or traceable to the Company’s secondary public offering of Class A common stock conducted on or around November 4, 2021. The action, which was filed in the United States District Court for the Southern District of New York, alleges that the Company violated federal securities laws.
In particular, the Vertiv lawsuit alleges 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.
Shareholders have until May 23, 2022 to petition the court for lead plaintiff status. Your ability to share in any recovery does not require that you serve as lead plaintiff. You may choose to be an absent class member.
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