NEW ORLEANS--(BUSINESS WIRE)--ClaimsFiler, a FREE shareholder information service, reminds investors that they have only until June 9, 2020 to file lead plaintiff applications in securities class action lawsuits against ServiceMaster Global Holdings, Inc. (NYSE: SERV), if they purchased the Company’s shares between February 26, 2019 and November 4, 2019, inclusive (the “Class Period”). These actions are pending in the United States District Courts for the Southern District of New York and Middle District of Tennessee.
ServiceMaster investors should visit us at https://www.claimsfiler.com/cases/view-servicemaster-global-holdings-inc-securities-litigation or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.
About the Lawsuits
ServiceMaster and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On November 5, 2019, pre-market, the Company released its 3Q2019 financial results, disclosing a “challenging quarter” impacted by certain “legacy risks,” including “termite damage claims,” and an increase in termite litigation that occurred “[i]n the past few years” that had impacted termite revenue by 7 to 8 percent, up from the historic impact of termite damage claims of 4 to 4.5%, and that the Company “expect[ed] a year-over-year increase from damage claims of approximately $4 million in the fourth quarter.”
On this news, the price of ServiceMaster’s shares fell, injuring investors.
The first-filed case is Michael Ruttenberg, et al. v. ServiceMaster Global Holdings, Inc., et al, 20-CV-02976.
ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.
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