DALLAS--(BUSINESS WIRE)--Former United States Securities and Exchange Commission attorney Willie Briscoe, founder of The Briscoe Law Firm, PLLC, and the securities litigation firm of Powers Taylor LLP announce that a federal class action lawsuit has been filed against Stericycle, Inc. (“Stericycle”) (NASDAQ: SRCL) and several officers and directors for acts taken during the period of February 7, 2013 and April 28, 2016 (the “Class Period”).
Based upon the allegations in the class action, the firms are investigating additional legal claims against the officers and Board of Directors of Stericycle. If you are an affected Stericycle shareholder and want to learn more about the lawsuit or join the action, contact Willie Briscoe at The Briscoe Law Firm, PLLC via email at firstname.lastname@example.org, Patrick Powers at Powers Taylor LLP via email at email@example.com, or call toll free at (877) 728-9607. There is no cost or fee to you.
According to the complaint, the defendants are alleged to have violated certain provisions of the Securities Exchange Act of 1934. Specifically, the complaint alleges, among other things, that defendants issued materially false and misleading statements and failed to disclose that it engaged in a scheme whereby it routinely raised the rates it charged smaller customers in violation of the contracts with those customers. This inflated revenues and growth. On October 22, 2015 the Company announced disappointing growth rates and revenues during the third quarter of 2015. Then, on April 28, 2016, Stericycle disclosed its results for the first quarter of 2016 which were again below expectations. Stericycle stock dropped significantly immediately following this announcement.
The Briscoe Law Firm, PLLC is a full service business litigation, commercial transaction, and public advocacy firm with more than 20 years of experience in complex litigation and transactional matters.
Powers Taylor LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.