An investigation for investors in Stericycle Inc (NASDAQ:SRCL) over potential securities laws violations by Stericycle and certain of its directors and officers was announced.
Investors who purchased shares of Stericycle Inc (NASDAQ:SRCL), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Stericycle Inc (NASDAQ:SRCL) concerning whether a series of statements by Stericycle regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On September 9, 2015, Stericycle Inc announced the pricing of its public offering of 7,000,000 depositary shares, each of which represents a 1/10th interest in a share of its 5.25% Series A Mandatory Convertible Preferred Stock. The offering price was $100.00 per depositary share.
On October 22, 2015, Stericycle Inc reported its financial results for the 2015 third quarter. Shares of Stericycle Inc (NASDAQ:SRCL) declined from $150.84 per share on October 19, 2015 to as low as $112.95 per share in early December 2015.
On February 2, 2016, NASDAQ:SRCL shares closed at $118.32 per share.
Those who purchased shares of Stericycle Inc (NASDAQ:SRCL) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com