An investigation on behalf of investors in Stryker Corporation (NYSE:SYK) shares over potential wrongdoing at Stryker Corporation was announced.
San Diego, CA -- (SBWIRE) -- 06/10/2022 -- An investigation was announced for investors in shares of Stryker Corporation (NYSE: SYK) concerning potential breaches of fiduciary duties by certain directors at Stryker Corporation.
Investors who purchased shares of Stryker Corporation (NYSE: SYK) 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 Stryker officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
On April 6, 2022, Spruce Point Capital Management, LLC published a short-seller report on Stryker Corporation. In the report, Spruce Point states, "Finds Evidence That Stryker Has Failed to Disclose Inventory Accounting Challenges and Made Various Changes to Accounting Policies Designed to Flatter Its Performance, Using Greater Non-GAAP Adjustments to Portray Margin Stability and Earnings Growth", and "Calls on Harvard Business School Dean and Stryker Audit Committee Member Srikant Datar to Evaluate Our Report with Independent Forensic Investigators."
Shares of Stryker Corporation (NYSE: SYK) declined from $274.13 per share on March 29, 2022, to as low as $218.72 per share on June 09, 2022.
Those who purchased shares of Stryker Corporation (NYSE: SYK) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Christopher Clausen
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About The Shareholders Foundation
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.