Equinix says received U.S. Attorney’s Office subpoena after short seller report

Equinix reported that the company filed an 8-K and announced that the audit committee of the company’s board of directors has commenced an independent investigation to review the matters referenced in a recent short seller report. “Shortly after the release of the report, the company received a subpoena from the U.S. Attorney’s Office for the Northern District of California. Receipt of these types of inquiries is not unusual in these circumstances, and Equinix intends to fully cooperate in this matter. The company does not expect to comment further on such matters until appropriate to do so,” the company stated in a press release. In a statement, the company added: “We take seriously our obligations of transparency and accuracy in our financial reporting. We believe we have earned the trust of our investors – and all our stakeholders – by reliably delivering on our commitments with integrity and meeting the requirements of our customers, as we have demonstrated throughout our 25-year history. We remain confident that our distinctive advantages create significant long-term opportunity for Equinix and continue to see our differentiated value proposition as highly relevant to our more than 10,000 customers as they pursue their digital transformation agendas and deploy distributed, hybrid and multicloud infrastructure as the preferred architecture of choice.”