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Shareholders Foundation, Inc. Logo

Stericycle Inc (NASDAQ:SRCL) Investor Investigation of potential Wrongdoing

An investigation on behalf of investors in NASDAQ:SRCL shares over potential wrongdoing at Stericycle Inc was announced and NASDAQ:SRCL stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com

 
PRLog - Feb. 3, 2014 - An investigation on behalf of investors in Stericycle Inc (NASDAQ:SRCL) shares was announced over potential breaches of fiduciary duties by certain officers and directors at Stericycle Inc.

Investors who are current long term stockholders in Stericycle Inc (NASDAQ:SRCL) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com (mailto:mail@shareholdersfoundation.com) or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain Stericycle officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.

In 2008 a lawsuit was filed under seal by a former employee of Stericycle Inc. The lawsuit alleges that Stericycle Inc allegedly has systematically been overbilling the government by levying a standard 18% rate increase every nine months, as well as other unauthorized fees and surcharges. In early 2013 the lawsuit was unsealed and fourteen states have joined the action.

In March 2013, a veterinary clinic filed a lawsuit on behalf of Stericycle’s private customers, alleging breach of contract and unjust enrichment claims, as well as violations of state deceptive business practice statutes.

Stericycle Inc reported that its Total Revenue rose from over $1.17 billion for the 12 months period that ended on December 31, 2009, to over $1.91 billion for the 12 months period that ended on December 31, 2012 and that its respective Net Income increased from $175.69 million to $268.00 million.

Shares of Stericycle Inc (NASDAQ:SRCL) grew from $47.46 per share in late 2009 to as high as $120.97 per share in October 2013.

On December 27, 2013, NASDAQ:SRCL shares closed at $115.62 per share.

Those who purchased shares of certain Stericycle Inc have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

Contact
Shareholders Foundation, Inc.
+1-(858)-779-1554
mail@shareholdersfoundation.com

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Source:Shareholders Foundation, Inc.
Industry:Business, Finance
Tags:Stericycle Inc, stericycle, NASDAQ: SRCL
Shortcut:prlog.org/12277519
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