INVESTOR ALERT: Levi & Korsinsky, LLP Reminds Shareholders of Stericycle, Inc. of Commencement of a Class Action Lawsuit & a ...
September 02 2016 - 9:56AM
Business Wire
The following statement is being issued by Levi & Korsinsky,
LLP:
To: All persons or entities who purchased or otherwise
acquired securities of Stericycle, Inc. (“Stericycle”)
(NASDAQ:SRCL) between February 7, 2013 and
April 28, 2016 and those who purchased pursuant to the Offering of
depositary shares on or about September 15, 2015.
You are hereby notified that a securities class action
lawsuit has been commenced in the USDC for the Northern District of
Illinois. If you purchased or otherwise acquired Stericycle
securities between February 7, 2013 and April 28, 2016 or pursuant
to the Offering, your rights may be affected by this action. To get
more information go to:
http://www.zlk.com/pslra/stericycle-inc
or contact Joseph E. Levi, Esq. either via email at
jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877)
363-5972. There is no cost or obligation to you.
The complaint alleges that defendants violated securities laws
by virtue of their failure to disclose that Stericycle 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, thus inflating revenues and
growth.
On October 22, 2015, Stericycle disclosed disappointing growth
rates and revenues during the third quarter of 2015 and lowered its
guidance. Then on April 28, 2016, Stericycle disclosed that its
results for the first quarter of 2016 were below its guidance and
analysts’ expectations, and lowered its 2016 guidance going
forward.
If you suffered a loss in Stericycle you have until
September 12, 2016 to request that
the Court appoint you as lead plaintiff. Your ability to share in
any recovery doesn’t require that you serve as a lead
plaintiff.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, California, Connecticut, and Washington D.C. The
firm’s attorneys have extensive expertise and experience
representing investors in securities litigation, and have recovered
hundreds of millions of dollars for aggrieved shareholders.
Attorney advertising. Prior results do not guarantee similar
outcomes.
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version on businesswire.com: http://www.businesswire.com/news/home/20160902005405/en/
Levi & Korsinsky, LLPJoseph E. Levi, Esq.Tel:
212-363-7500Toll Free: 877-363-5972Fax: 212-363-7171www.zlk.com
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