Market Overview

August 10th Deadline Alert: Glancy Prongay & Murray LLP Reminds Investors of the Deadline in the Class Action Lawsuit Against Switch, Inc. (SWCH)


National securities litigation law firm Glancy
Prongay & Murray LLP
("GPM") reminds investors of the August
10, 2018
deadline to file a lead plaintiff motion in the class
action filed on behalf of investors that purchased Switch, Inc.
("Switch" or the "Company") (NYSE: SWCH)
Class A common stock pursuant to and/or traceable to Switch's Initial
Public Offering ("IPO") commenced on or around October 6, 2017. Switch
investors have until August 10, 2018 to file a lead
plaintiff motion.

If you are a shareholder who suffered a loss, click here
to participate.

Investors suffering losses on their Switch investments are encouraged to
contact Lesley Portnoy of GPM to discuss their legal rights in this
class action at 310-201-9150 or by email to

The complaint filed in this class action alleges that Defendants made
false and/or misleading statements and/or failed to disclose that: (1)
Switch's Grand Rapids and Atlanta facilities would never be as
profitable as its Las Vegas facility, diminishing the yield on Switch's
recent capital expenditures acquiring and building out those facilities
will bear; (2) Switch's high capital expenditures to create high
redundancy levels at its facilities were not as profitable as they once
had been in the past; (3) Switch had already spent an additional more
than $64 million on unbudgeted capital expenditures during the third
quarter of 2017 that was not disclosed to investors until after the IPO;
(4) Switch recognized $9.4 million in revenues during FY17 that it would
not provide colocation services for until FY18, meaning its reported
FY17 revenue growth and its FY18 revenue prospects were both overstated;
(5) eBay, Switch's largest colocation customer, would not be taking
possession of colocation space it had reserved at Switch's Tahoe/Reno
facility in early 2018; and (6) as a result of the foregoing, 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

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If you purchased shares of Switch during the Class Period you may move
the Court no later than August 10, 2018 to ask the Court to
appoint you as lead plaintiff. To be a member of the Class you need not
take any action at this time; you may retain counsel of your choice or
take no action and remain an absent member of the Class. If you wish
to learn more about this action, or if you have any questions concerning
this announcement or your rights or interests with respect to these
matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century
Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150,
Toll-Free at 888-773-9224, by email to,
or visit our website at
If you inquire by email please include your mailing address, telephone
number and number of shares purchased.

This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.

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