RADNOR, PA / ACCESSWIRE / June 30, 2018 / Kaskela Law LLC announces that a shareholder class action lawsuit has been filed against Switch, Inc. (NYSE: SWCH) ("Switch" or the "Company") on behalf of investors who purchased the Company's common stock pursuant and/or traceable to Switch's initial public offering ("IPO") of common stock on or after October 6, 2017.
IMPORTANT DEADLINE ALERT: Investors who purchased Switch's common stock may, no later than August 10, 2018, seek to be appointed as a lead plaintiff representative of the investor class. Investors are encouraged to contact Kaskela Law LLC (David Seamus Kaskela, Esq.) at (484) 258 -1585 or (888) 715 - 1740 to discuss their important legal rights and options with respect to this action. Investors may also submit their information to the firm online at www.kaskelalaw.com/case/switch.
On or about October 6, 2017, Switch completed its IPO of common stock, selling over 31 million shares of stock to investors at $17.00 per share.
Among other things, the shareholder class action complaint alleges that Switch and certain other defendants made false and misleading statements and/or failed to disclose to investors that "at the time of the IPO, Switch's business and financial prospects were not what defendants had led the market to believe they were in the Registration Statement." The complaint further alleges that, as a result of the foregoing, investors purchased Switch's common stock at artificially inflated prices and suffered significant investment losses.
Switch investors are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (484) 258 - 1585 or (888) 715 - 1740, or via www.kaskelalaw.com/case/switch, to discuss their legal rights and options with respect to this action prior to August 10, 2018.
Kaskela Law LLC exclusively prosecutes shareholder actions in state and federal courts throughout the country on behalf of investors. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com.
CONTACT:
KASKELA LAW LLC
David Seamus Kaskela, Esq.
201 King of Prussia Road
Suite 650
Radnor, PA 19087
(484) 258 - 1585
(888) 715 - 1740
[email protected]
www.kaskelalaw.com
SOURCE: Kaskela Law LLC