SOURCE: Shareholders Foundation, Inc.

Shareholders Foundation, Inc.

April 16, 2012 09:35 ET

Swisher Hygiene, Inc. (SWSH) Investor Lawsuit Over Alleged Misleading Statements Announced by Shareholders Foundation

SAN DIEGO, CA--(Marketwire - Apr 16, 2012) - The Shareholders Foundation, Inc. announces that a lawsuit was filed for certain investors in shares of Swisher Hygiene, Inc. (SWSH) in the U.S. District Court for the Southern District of New York against Swisher Hygiene, Inc. over alleged Violations of Federal Securities Laws in connection with allegedly false and misleading statements.

If you purchased Swisher Hygiene, Inc. (SWSH) shares, including but not limited to those who purchased SWSH shares between May 16, 2011 and March 28, 2012, you have certain options and you should contact the Shareholders Foundation by e-mail at mail@shareholdersfoundation.com or call +1 (858) 779-1554.

According to the complaint the plaintiff alleges that Swisher Hygiene, Inc. and certain of the Company's executive officers violated federal securities laws by issuing allegedly false and/or misleading statements, as well as failing to disclose material adverse facts about Swisher's business, operations and prospects.

On March 28, 2012, Swisher Hygiene, Inc. announced that it informed the U.S. Securities and Exchange Commission that Swisher Hygiene, Inc. will delay its filing of its annual report. Swisher Hygiene, Inc. said the delay in filing is due to an ongoing internal review by Swisher Hygiene's Audit Committee primarily relating to possible adjustments to the accounting for business acquisitions and the calculation of the allowance of doubtful accounts receivable. The Company disclosed that its financial statements for the first, second and third quarters for 2011 should no longer be relied upon.

Shares of Swisher Hygiene, Inc. (SWSH) declined from over $6 in May 2011 to recently under $2 per share.

Those who purchased Swisher Hygiene, Inc. (SWSH) shares have certain options and should contact the Shareholders Foundation.

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

Contact Information

  • CONTACT:
    Shareholders Foundation, Inc.
    Trevor Allen
    +1 (858) 779-1554
    mail@shareholdersfoundation.com
    3111 Camino Del Rio North
    Suite 423
    San Diego, CA 92108