NextDC, one of Australia's leading data centre operators, saw $3 billion wiped from its market value this week after slashing profit forecasts and construction spending due to community outrage that has delayed the installation of high-voltage power lines to its West Footscray M3 data centre. The 40% share price plunge triggered a sell-off across the sector and has prompted law firm Shine Lawyers to open an investigation into a potential class action on behalf of shareholders.
organisation
Shine Lawyers
Australian law firm