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SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Vertiv Holdings Co – VRTApr 11th, 2022 20:46 EST
NEW YORK, April 11, 2022 /PRNewswire/ — Pomerantz LLP is investigating claims on behalf of investors of Vertiv Holdings Co (“Vertiv” or the “Company”) (NYSE: VRT). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 7980.
The investigation concerns whether Vertiv and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On February 23, 2022, at 6:00 a.m. Eastern, Vertiv reported disappointing financial results, including $0.06 earnings per share for fourth quarter 2021, missing analyst estimates of $0.28 per share. Vertiv’s Chief Executive Officer attributed the poor results to management “consistently underestimat[ing] inflation and supply chain constraints for both timing and degree, which dictated a tepid 2021 pricing response.”
On this news, the Company’s stock price fell $7.19 per share, or 37%, to close at $12.38 per share on February 23, 2022, on unusually heavy trading volume.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
CONTACT:Robert S. WilloughbyPomerantz LLP[email protected]888-476-6529 ext. 7980
SOURCE Pomerantz LLP