SOURCE: Kahn Swick & Foti, LLC

Kahn Swick & Foti

August 05, 2016 22:07 ET

STERICYCLE SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC Reminds Investors With Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Stericycle, Inc. - SRCL & SRCLP

NEW ORLEANS, LA--(Marketwired - August 05, 2016) - 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. (NASDAQ: SRCL) (NASDAQ: SRCLP), if they purchased the Company's common stock or depository shares between the amended, expanded class period of February 7, 2013 and July 18, 2016 (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 raised the rates charged to smaller customers in violation of their contracts, resulting in inflated revenue and growth.

On October 22, 2015, Stericycle disclosed disappointing growth and revenues during the 2015 third quarter and lowered its guidance. On April 28, 2016, Stericycle disclosed below-guidance 2016 first quarter results and lowered its guidance. Then, on July 28, 2016, Stericycle disclosed disappointing results for 2016 second quarter of 2016 and lowered its 2016 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.

Contact Information

  • Contact:
    Kahn Swick & Foti, LLC
    Lewis Kahn
    Managing Partner
    lewis.kahn@ksfcounsel.com
    1-877-515-1850
    206 Covington St.
    Madisonville, LA 70447