Company Website:
http://www.ksfcounsel.com
NEW ORLEANS -- (Business Wire)
Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney
General of Louisiana, Charles C. Foti, Jr., remind investors that they
have until September 12, 2016 to file lead plaintiff applications
in a securities class action lawsuit against Stericycle, Inc. (NasdaqGS:
SRCL & SRCLP), if they purchased the Company’s common stock or
depository shares between February 7, 2013 and April 28, 2016, including
in the September 15, 2015 public offering (the “Class Period”). This
action is pending in the United States District Court for the Northern
District of Illinois.
What You May Do
If you purchased shares of Stericycle and would like to discuss your
legal rights and how this case might affect you and your right to
recover for your economic loss, you may, without obligation or cost to
you, call toll-free at 1-877-515-1850 or email KSF Managing Partner
Lewis Kahn (lewis.kahn@ksfcounsel.com).
If you wish to serve as a lead plaintiff in this class action, you must
petition the Court by September 12, 2016.
About the Lawsuit
Stericycle and certain of its executives are charged with failing to
disclose material information during the Class Period, violating federal
securities laws.
Stericycle allegedly routinely and systematically raised the rates it
charged its smaller customers in violation of the contracts it had with
those customers, resulting inflated revenue and growth.
On October 22, 2015, Stericycle disclosed disappointing growth and
revenues during the 2015 third quarter and lowered its guidance. Then,
on April 28, 2016, Stericycle disclosed that its 2016 first quarter
results were below its guidance and analysts’ expectations, and lowered
its guidance. On this news, the price of Stericycle’s shares plummeted.
About Kahn Swick & Foti, LLC
KSF, whose partners include the Former Louisiana Attorney General
Charles C. Foti, Jr., is a law firm focused on securities, antitrust and
consumer class actions, along with merger & acquisition and breach of
fiduciary litigation against publicly traded companies on behalf of
shareholders. The firm has offices in New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160729005937/en/
Contacts:
Kahn Swick & Foti, LLC
Lewis Kahn, 1 877-515-1850
Managing
Partner
lewis.kahn@ksfcounsel.com
Source: Kahn Swick & Foti, LLC
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