We asked about suburban power poles. Now a data centre behemoth is facing two class actions – and a potential takeover
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NextDC is dealing with two class action lawsuits from shareholders. These legal actions follow allegations that the company concealed delays regarding the suburban power grid. These events occurred while the tech firm was raising 1.1 billion dollars. Now, competing companies are considering potential takeovers of the struggling organization.
NextDC faces twin shareholder class actions over allegations it hid suburban grid delays while raising $1.1 billion, as rivals circle the wounded tech giant.