Equinix probing short seller accusations amid DOJ scrutiny
By Jeff Dale2024-03-25T19:48:00
Data center owner Equinix disclosed it launched an independent investigation to review matters referenced in a recent short seller report that also caught the attention of the Department of Justice.
Equinix announced in a press release Monday the audit committee of its board of directors decided to initiate the probe following short seller Hindenburg Research’s investigative report published Wednesday that accused the company of accounting manipulation.
The company said after the report was published that it received a subpoena from the U.S. Attorney’s Office for the Northern District of California.