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OVH Fire Class Action Lawsuit at 140 Clients, €10m Claim

Tags: , , Date/Time: June 18, 2022 @ 3:00 pm, by raindog308

Thanks to a LowEndBox tipster for submitting this news!


You may recall the horrific datacenter fire that OVH suffered about 15 months ago.  A Paris law firm has filed a lawsuit seeking damages from OVH to the tune of €10m.

On LET we often joke that a typical host claims they’re losing millions per hour in lost revenue if their $5/month VPS is down, so an entire datacenter worth of LowEndBoxes should add up to trillions.

OVH hasn’t yet explained the cause of the fire because of “the involvement of the French authorities, insurance companies, etc.”  This didn’t stop their IPO last October, which valued the enterprise at $4.1bn.  Shares are toward the bottom ($19.53) of the stock’s trading range since launch ($17.80-$28.20).

What probably concerns OVH more in the long term is not this lawsuit but the fact that they haven’t made a penny in the last four years.

OVH

1 Comment

  1. It’s fantastic, but it makes sense since many are selling hosting and vps using OVH. you can see on lowendtalk that most of them sell VPS with various brands, but the content is OVH, even more surprising they mostly offer windows servers that already include a license, so buyers just use it.

    June 18, 2022 @ 7:27 pm | Reply

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