SAN DIEGO & LAKE FOREST, Ill.--(BUSINESS WIRE)--Shareholder rights law firm Robbins Arroyo LLP is investigating whether certain officers and directors of Stericycle, Inc. (NasdaqGS: SRCL) violated federal securities laws by issuing materially misleading business information to the investing public. Stericycle, together with its subsidiaries, provides regulated and compliance solutions to the healthcare, retail, and commercial businesses in the United States and internationally.
View this press release on the law firm's Shareholder Rights Blog: www.robbinsarroyo.com/shareholders-rights-blog/stericycle-inc
Stericycle May Have Engaged in Illegal Billing Practices
Stericycle is currently the subject of a federal securities fraud class action lawsuit and several consumer class action lawsuits alleging that the company used buried language in its service agreements to unlawfully impose automatic price increases on its customers in violation of the contracts' terms. On February 16, 2017, Judge Milton I. Shadur of the U.S. District Court for the Northern District of Illinois granted class certification in a $608 million multidistrict litigation against Stericycle, saying that the class members had common ground in their complaints of fraudulent overcharges.
Stericycle Shareholders Have Legal Options
Concerned shareholders who would like more information about their rights and potential remedies can contact attorney Leonid Kandinov at (800) 350-6003, LKandinov@robbinsarroyo.com, or via the shareholder information form on the firm's website.
Robbins Arroyo LLP is a nationally recognized leader in shareholder rights law. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested.
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