An investigation on behalf of current long term investors in Cintas Corporation (NASDAQ: CTAS) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 04/16/2020 -- Certain directors of Cintas Corporation are under investigation over possible breaches of fiduciary duties.
Investors who are investors in Cintas Corporation (NASDAQ: CTAS) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for investors in (NASDAQ: CTAS stocks follows a lawsuit filed against Cintas Corporation over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: CTAS stocks, concerns whether certain Cintas Corporation directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that the defendants made false and/or misleading statements and/or failed to disclose that Cintas never tracked legacy margins following the G&K acquisition, that the Company has systematically provided guidance with which it would outperform (a "Beat and Raise" scheme), that undisclosed to the investing public, the Company has breached the law multiple times, that as a result of publicly known and undisclosed breaches of law, the Company's Credit Agreement may be jeopardized, and that as a result, defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.
Those who purchased shares of Cintas Corporation (NASDAQ: CTAS) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.