NEW YORK, Jan. 28, 2016 /PRNewswire/ -- Levi & Korsinsky announces it has commenced an investigation of Stericycle, Inc. (NASDAQ: SRCLP) concerning possible breaches of fiduciary duty and securities fraud violations by the board of directors of the company.
On September 9, 2015, Stericycle announced its public offering of 7,000,000 depositary shares at $100.00 per share, each of which represents a 1/10th interest in a share of Stericycle's 5.25% Series A Mandatory Convertible Preferred Stock.
On October 22, 2015, Stericycle reported its financial results for the 2015 third quarter and year to date, reporting a revenue for the third quarter of $718.6 million. In a conference call, CEO Charlie Alutto noted that the "slowdown which we saw accelerate in the third quarter is going to actually get worse in fourth quarter and then level off in 2016." On this news, shares of Stericycle fell more than 12 percent. To obtain additional information, go to:
or contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, California, Connecticut and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Eduard Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.com
SOURCE Levi & Korsinsky, LLP