Hagens Berman Alerts Switch, Inc. Investors to the August 10, 2018 IPO Securities Class Action Lead Plaintiff Deadline

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SAN FRANCISCO, June 13, 2018 (GLOBE NEWSWIRE) -- Hagens Berman Sobol Shapiro LLP alerts investors in Switch, Inc. (NYSE:SWCH) to the in the pending in the United States District Court for the District of New Jersey.  If you purchased or otherwise acquired securities of Switch and/or and suffered losses contact Hagens Berman Sobol Shapiro LLP.  

For more information visit:

or contact Reed Kathrein, who is leading the firm’s investigation, by calling or emailing

During early October 2017, Defendants priced Switch’s IPO consisting of 31.25 million Class A common shares at $17 per share.

The complaint charges Defendants made misleading statements and omitted important information about Switch’s business.  More specifically, it alleges certain Defendants (1) improperly recognized revenues from a contract with one customer even though no services were performed, (2) overstated Switch’s revenue growth, and (3) omitted disclosing that nearly all reported sales growth was due to just one of Switch’s campuses.

On June 11, 2018, the price of Switch shares closed at $12.90 (about 24% lower than the IPO price).

“We’re focused on investors’ losses and Defendants’ apparently misleading disclosures about Switch’s revenues and other operational matters,” said Hagens Berman partner Reed Kathrein.

Contact:Reed Kathrein, 510-725-3000

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Globe Newswire: 19:58 GMT Wednesday 13th June 2018

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