NEW YORK, Dec. 6, 2019 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Cintas Corporation (NASDAQ: CTAS) resulting from allegations that Cintas may have issued materially misleading business information to the investing public.
On November 13, 2019, Spruce Point Management published an investment research report on Cintas. According to the report, which largely relied on information received through FOIA requests, there is evidence that Cintas' Fire Protection Services was charged with fraud and is causing a public safety hazard by having workers conduct fire and safety inspections without proper licenses or permits, and by falsifying inspections. The report also raised potential issues in connection to Cintas' financial guidance following its levered acquisition of G&K Services, Inc. stating: "it appears management may have suppressed G&K revenue and misguided expenses" as part of a "beat and raise" scheme.
On this news, Cintas stock traded as low as $247.67, or down 4.25%, during intraday trading on November 13, 2019.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Cintas investors. If you purchased shares of Cintas please visit the firm's website at http://www.rosenlegal.com/cases-register-1721.html to join the class action. You may also contact Phillip Kim of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or cases@rosenlegal.com.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has secured hundreds of millions of dollars for investors.
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Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com
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SOURCE Rosen Law Firm, P.A.