SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces investigation of Stericycle, Inc. - SRCL
BALA CYNWYD, Pa., June 17, 2014 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that is investigating potential claims against certain officers and directors of Stericycle, Inc. ("SRCL" or the "Company") (Nasdaq: SRCL).
Click here to learn more about the investigation http://brodsky-smith.com/774-srcl-stericycle-inc.html, or call: 877-534-2590. There is no cost or obligation to you.
On January 7, 2013, a 2008 qui tam action was unsealed, containing allegations that Stericycle has systematically been overbilling the government by levying a standard 18% rate increase every nine months, as well as other unauthorized fees and surcharges. The action alleges that those charges were not related to increased costs to the company as described in the waste management contracts. Fourteen states have joined the action, and New York has settled its claims for $2.4 million and strict guidelines on rate increases.
The investigation seeks to determine whether the Stericycle board of directors breached its fiduciary duties to shareholders, mismanaged the Company, and violated state or federal laws resulting in losses for Stericycle shareholders and the Company.
If you own shares of Stericycle common stock since April 28, 2008 and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at firstname.lastname@example.org, by visiting http://brodsky-smith.com/774-srcl-stericycle-inc.html, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and case action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
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