An investigation on behalf of investors in GFL Environmental Inc. (NYSE:GFL) shares over potential wrongdoing at GFL Environmental Inc. was announced
San Diego, CA -- (SBWIRE) -- 11/05/2020 -- An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at GFL Environmental Inc.
Investors who purchased shares of GFL Environmental Inc. (NYSE: GFL) and currently hold any of those NYSE: GFL 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 concerns whether certain GFL Environmental Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.
Canada based GFL Environmental Inc. operates as a diversified environmental services company in North America. On or about March 3, 2020, GFL Environmental Inc. sold about 75 million shares of stock in its initial public stock offering (the "IPO"), at $19.00 a share raising nearly $1.43 Billion in new capital.
On August 18, 2020, a report was issued alleging, that "GFL's leverage is understated by aggressive reporting of revenue and EBITDA, and free cash flow burn is understated by ~60%," claiming that "this is evidenced by financial restatements without explanation, and by minimizing a material weaknesses of financial controls."
Those who purchased shares of GFL Environmental Inc. (NYSE: GFL) 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.