An investigation on behalf of current long term investors in ServiceMaster Global Holdings, Inc. (NYSE:SERV) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 08/04/2020 -- Certain directors of ServiceMaster Global Holdings, Inc. are under investigation concerning potential breaches of fiduciary duties.
Investors who are current long term investors in ServiceMaster Global Holdings, Inc. (NYSE: SERV) shares, have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm for investors in NYSE: SERV stocks follows a lawsuit filed against ServiceMaster Global Holdings, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: SERV stocks, concerns whether certain ServiceMaster Global Holdings, Inc. directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that, the defendants repeatedly assured the market that ServiceMaster was successfully executing upon initiatives to improve the performance in the Terminix segment, that the defendants stated that Terminix would reach a positive "inflection point" and was "definitely the driver" for positive trends expected in the second half of 2019, that unbeknownst to investors, however, in the past several years the Terminix segment had experienced an adverse trend of costly termite litigation, primarily related to Formosan termite activity, and that this negative trend, which would ultimately impact ServiceMaster's current and future financial results, was known to Defendants between February 26, 2019 and November 4, 2019, as by their own later admission they had been taking mitigating measures since 2018.
Those who purchased shares of ServiceMaster Global Holdings, Inc. (NYSE: SERV) have certain options and should contact the Shareholders Foundation.
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