Equinix Just Settled $41.5M With Investors Over Accounting Failures – How to Claim Your Payout

Court: N.D. California

Case: 3:24-cv-02656

Equinix has agreed to settle a lawsuit from investors who say the company hid information about the reliability of its financial reporting. The EQIX settlement—announced in June 2025—follows years of revelations about internal control failures and overstated performance metrics.

What Really Happened Behind Equinix’s Numbers

From 2015 to 2021, Equinix built its reputation as a financially disciplined REIT, regularly highlighting strong Adjusted Funds From Operations (AFFO)—a key metric for real estate investors.

However, whistleblowers and internal audits exposed that Equinix had prematurely recognized nonrefundable fees, misclassified capital expenses, and overridden internal controls—artificially boosting its AFFO figures.

Then, in March 2023, Equinix disclosed material weaknesses in its internal controls and revised key financial metrics, causing EQIX to drop more than 13% as a consequence.

Investors Push Back—and Get Results

When this news came out, investors filed a lawsuit claiming they were misled by Equinix’s inflated numbers and faulty reporting.

The Deal That Finally Closed the Chapter

Now, more than a year later, Equinix has agreed to settle. While the final terms are still being worked out, investors who lost money can already submit a claim. You can check the latest details and file yours here.