Invested in
Vertiv Holdings?
Attention Vertiv Holdings shareholders: contact investor rights lawyers for a free evaluation of your potential claims for compensation today.
- Did you acquire shares of Vertiv Holdings (NYSE: VRT) in or before February 2021, and do you still hold your Vertiv shares?
- Are you concerned about the conduct of Vertiv Holdings’s officers and directors related to alleged inaccurate information about its pricing actions, internal control issues related to sales practices, and misrepresentation of recurring costs?
- Would you like your potential options for compensation and/or redress to be reviewed by an experienced team of investor lawyers?
Request a free case evaluation of your potential claims for compensation today, via email at arosca@rscounsel.law, through the contact form on this page, or by calling 888-998-0530.
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Posted November 16, 2023
Vertiv Holdings’ Class Action Investigation
Securities attorneys Alan Rosca, Paul Scarlato, and Kathryn Weidner have been investigating potential securities violations and corporate misconduct, as well as questionable business practices involving Vertiv Holdings and have identified potential areas of concern for Vertiv Holdings investors.
What Vertiv Holdings Investors May Do
VRT investors interested in an evaluation of their potential options to seek compensation and/or pursue claims related to their Vertiv Holdings investment may contact investor rights attorneys Alan Rosca, Paul Scarlato, or Kathryn Weidner. Claims that are not timely pursued may expire or otherwise be lost, generally speaking.
Get in Touch with an Experienced Team of Investor Attorneys
Attorneys Rosca, Scarlato, and Weidner have extensive experience in seeking compensation related to investor harm and pursuing claims arising out of alleged violations of securities law and/or corporate misconduct, and are currently evaluating potential claims on behalf of investors in Vertiv Holdings.
They typically work on a contingent fee basis, do not require any money down from their clients, advance case expenses, and only get paid for their fees and expenses if and when successful, following review and approval by the Court of any fee application.
Concerned VRT stock investors may contact attorneys Alan Rosca, Paul Scarlato, or Kathryn Weidner to discuss their potential options toll free at 888-998-0530, via email at arosca@rscounsel.law, or through the contact form on this webpage.
Potential Compensation Claims
Has Vertiv Holdings Been Accused of Misconduct?
Vertiv Holdings and certain of its directors and officers have been the subject of a securities class action lawsuit, filed in 2022 in the United States District Court for the Southern District of New York. A second class action case was filed against Vertiv’s officer and directors in early June 2023. Both cases are reportedly pending as of the date of this blog.
Vertiv Holdings and members of its senior leadership are accused of allegedly issuing materially misleading information about Vertiv Holdings’s business and operations regarding Vertiv’s “pricing initiatives.” According to the allegations, Vertiv and certain of its directors and officers misrepresented Vertiv’s ability to increase pricing and handle the supply chain issues and inflation. Furthermore, Vertiv allegedly failed to disclose that the increasing costs would negatively impact Vertiv’s earnings. Consequently, the statements made by Vertiv and its senior leadership regarding the company’s business, operations and prospects were allegedly “misleading and/or lacked a reasonable basis.”
Among others, the complaints allege that Vertiv Holdings’s “pricing initiatives” were ineffective and the Company’s sales force was not capable of driving higher pricing and passing costs on to customers.” According to the allegations, in order to drive the sales and build Vertiv’s backlog, the sales force has discontinued its “pricing initiatives” and instead engaged in “substantial discounting.”
On February 23, 2022, Vertiv allegedly issued its financial results for the fourth quarter and full year end of December 31, 2021. According to the accompanying press release, Vertiv’s adjusted operating income for fiscal year 2021 was over $80 million lower than the Q4 guidance. On the earnings call that followed, Vertiv’s senior officers allegedly admitted Vertiv’s “significant operational failings” and following the news the VRT stock price reportedly declined 37% allegedly wiping $2.7 billion in Vertiv’s market capitalization.
Potential Compensation Claims
Do Vertiv Holdings Shareholders Have Claims for Compensation?
Investor rights attorneys Alan Rosca, Paul Scarlato, and Kathryn Weidner at Rosca Scarlato are investigating potential options and evaluating potential claims for compensation and/or other redress on behalf of Vertiv shareholders. The Rosca Scarlato attorneys have decades of combined experience representing victims of corporate or financial misconduct.
If you are an Vertiv Holdings investor who has acquired VRT shares in or before February 2021, are concerned about the drop in the value of your investment, you may contact attorneys Alan Rosca, Paul Scarlato, or Kathryn Weidner to learn more about your rights and for an evaluation of your potential claims, or to provide useful information.
All consultations are free. The Rosca Scarlato attorneys typically take cases like this on a contingency fee basis, advance all case costs, and only get paid for their fees and expenses if and when they are successful, following review and approval by the Court of any fee application.
To reach attorney Alan Rosca or his colleagues, Vertiv Holdings investors may call 888-998-0530, email arosca@rscounsel.law, or leave a message through the contact form on this webpage.
The general considerations on this page are for informational purposes only and do not constitute legal advice. Such legal advice can only be offered once the attorneys discuss each investor’s situation, learn of the relevant facts and can tailor any advice to that investor’s facts. The Vertiv Holdings Class Action Investigation page is not affiliated with Vertiv Holdings. There has not been an adjudication on the merits of any allegations referenced in this blog post, as of the date of the posting.
Contact info:
Rosca Scarlato LLC – 216-946-7070 / 888-998-0530.
Alan Rosca – arosca@rscounsel.law
Paul Scarlato – pscarlato@rscounsel.law
Kathryn Weidner – kweidner@rscounsel.law
Recent Investigations
DISCLAIMER
In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow matters about which we report, and/or to publish subsequent updates regarding various developments that may occur in such matters. Readers are encouraged to conduct their own research regarding any such matters and any developments that may or may not have occurred in such matters. Also, the Brokercheck report linked to some of our blogs is the up-to-date version as of the date of accessing by the reader. The information in our blogs is current as of the date of the drafting of the blog, and given that sometimes certain past complaints may no longer be listed in newer Brokercheck reports, some of the events referenced in some of our blogs may later on be removed from newer Brokercheck reports. Visitors may check the most recent version of each brokercheck report at www.finra.org, and may contact FINRA for the earlier version of the Brokercheck report upon which various blogs may be based.
