-

Shareholder Alert: Robbins LLP Announces It Is Investigating ServiceMaster Global Holdings, Inc. (SERV) for Misleading Shareholders

SAN DIEGO & MEMPHIS, Tenn.--(BUSINESS WIRE)--Shareholder rights law firm Robbins LLP announces that it is investigating ServiceMaster Global Holdings, Inc. (NYSE: SERV) for alleged violations of the Securities Exchange Act of 1934 and whether the Company's officers and directors breached their fiduciary duties to shareholders. ServiceMaster provides residential and commercial termite and pest control, restoration, and cleaning services. Terminix is ServiceMaster's largest and most profitable business segment.

If you suffered a loss as a result of ServiceMaster's misconduct, click here.

ServiceMaster Global Holdings, Inc. (SERV) Accused of Misleading Shareholders

On October 22, 2019, ServiceMaster announced disappointing preliminary financial results for the third quarter 2019, having missed revenue and earnings estimates. The Company also reported net income of $25 million versus $71 million during the third quarter of the prior year and gave adjusted EBITDA guidance of $415 to $425 million, down from $435 to $445 million. ServiceMaster attributed the disappointing results to "termite damage claims arising primarily from Formosan termite activity" and admitted that this had been a "known issue" since early 2018. Then in November 2019, ServiceMaster disclosed that increased claims would continue to impact the Company through 2020 and that in addition to the "$2 million increase damage claims expense," ServiceMaster "expect[ed] a year-over-year increase from damage claims of approximately $4 million in the fourth quarter." On this news, ServiceMaster's stock price fell almost 12% to close at $35.74 per share.

Shareholders Have Legal Options

Contact us to learn more:
Leo Kandinov
(800) 350-6003
lkandinov@robbinsllp.com
Shareholder Information Form

Want to be notified if a class action against ServiceMaster settles? Want to receive free alerts about companies engaged in wrongdoing? Sign up for Stock Watch today.

Attorney Advertising. Past results do not guarantee a similar outcome.

Contacts

Leo Kandinov
Robbins LLP
5040 Shoreham Place
San Diego, CA 92122
lkandinov@robbinsllp.com
(619) 525-3990 or Toll Free (800) 350-6003
www.robbinsllp.com

Industry:

Robbins LLP

NYSE:SERV
Release Versions
English
$Cashtags
$SERV
Hashtags
#ClassAction
#Finance
#Investment
#Investor
#Lawsuit
#Securities
#Shareholder
#Shareholderrights
#StockAlert
#StockMarketData
#StockNews
#StockTrading
#Stocks
#Trader
#shareholderrightslawfirm

Contacts

Leo Kandinov
Robbins LLP
5040 Shoreham Place
San Diego, CA 92122
lkandinov@robbinsllp.com
(619) 525-3990 or Toll Free (800) 350-6003
www.robbinsllp.com

More News From Robbins LLP

AVEX Stockholders Have Rights – If You Lost Money Investing in AEVEX Corp. Contact Robbins LLP for Information About Recovering Your Losses

SAN DIEGO--(BUSINESS WIRE)--Shareholder rights law firm Robbins LLP reminds investors that a class action was filed on behalf of all persons and entities who purchased or otherwise acquired AEVEX Corp. (NYSE: AVEX) Class A common stock (a) between April 17, 2026 and June 4, 2026, and (b) pursuant to the Company's initial public offering ("IPO") on April 17, 2026 (the "Class Period"). AEVEX is a military technology contractor.The complaint alleges that AEVEX concealed a pre-arranged plan by which...

Investor Notice: Robbins LLP Informs Investors of the Baidu, Inc. Class Action Lawsuit

SAN DIEGO--(BUSINESS WIRE)--Shareholder rights law firm Robbins LLP informs investors that a class action was filed on behalf of persons and entities who purchased or otherwise acquired Baidu, Inc. (NASDAQ: BIDU) securities, including call options, between November 18, 2025 and August 17, 2026, inclusive (the Class Period). Baidu is a Chinese technology company which operates the most popular internet search engine in China. The complaint alleges that Baidu, Inc. overstated the ability of its A...

Investor Notice: Robbins LLP Informs Investors of the AST SpaceMobile, Inc. Class Action Lawsuit

SAN DIEGO--(BUSINESS WIRE)--Shareholder rights law firm Robbins LLP informs investors that a class action was filed on behalf of persons and entities who purchased or otherwise acquired AST SpaceMobile, Inc. (NASDAQ: ASTS) securities between March 4, 2025 and July 15, 2026, inclusive (the Class Period). AST, together with its subsidiaries, designs and develops the constellation of BlueBird (“BB”) satellites in the U.S. The Company provides a cellular broadband network in space for direct access...
Back to Newsroom