San Diego, CA -- (SBWIRE) -- 06/23/2014 -- An investigation on behalf of investors of Stericycle Inc (NASDAQ:SRCL) shares over potential securities laws violations by Stericycle Inc and certain of its directors and officers in connection certain financial statements was announced .
Investors who purchased shares of Stericycle Inc (NASDAQ:SRCL) in early 2009 or earlier and currently still hold any of those NASDAQ:SRCL shares have certain options and you should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether certain statements by Stericycle Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made and whether the board of directors has breached its fiduciary duties owed to NASDAQ:SRCL stockholders.
In January 2008 a lawsuit was filed under seal by a former employee of Stericycle Inc. The lawsuit alleges that Stericycle Inc allegedly has systematically been overbilling the government by levying a standard 18% rate increase every nine months, as well as other unauthorized fees and surcharges. In early 2013 the lawsuit was unsealed and fourteen states have joined the action. Fourteen states have joined lawsuit, and New York has settled its claims for $2.4 million and strict guidelines on rate increases.
In March 2013, a veterinary clinic filed a lawsuit on behalf of Stericycle’s private customers, alleging breach of contract and unjust enrichment claims, as well as violations of state deceptive business practice statutes.
Those who purchased shares of certain Stericycle Inc have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego