SAN DIEGO, Aug. 15, 2016 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a lawsuit was filed in Illinois on behalf of certain purchasers of shares of Stericycle Inc (NASDAQ:SRCL) & (NASDAQ:SRCLP) over alleged Securities Laws Violations by Stericycle Inc. The lawsuit seeks to recover damages for certain NASDAQ:SRCL & SRCLP investors.
Investors who purchased shares of Stericycle Inc (NASDAQ:SRCL and/or SRCLP) have certain options and for certain investors there are short and strict deadlines running. Deadline: September 12, 2016. Stericycle investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The plaintiff alleges that Stericycle Inc engaged in a systematic scheme whereby it routinely and systematically raised the rates it charged its smaller customers in violation of the contracts it had with those customers and that by doing so, Stericycle Inc artificially inflated its revenues and growth.
The plaintiff claims that the Defendants did not disclose this practice and, as a result, Stericycle Inc routinely misrepresented its performance and earnings.
Those who purchased Stericycle Inc shares should contact the Shareholders Foundation, Inc. by e-mail at mail@shareholdersfoundation.com or call +1 (858) 779-1554.
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
Lawsuit for Investors in shares of Stericycle Inc announced by Shareholders Foundation
| Source: Shareholders Foundation, Inc.