NEW YORK, April 20, 2012 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at Swisher Hygiene Inc. ("Swisher" or the "Company") (NASDAQ: SWSH).
The investigation focuses on whether the Company and its executives violated federal securities laws by failing to disclose that: (1) the Company's acquisitions were being incorrectly accounted for; (2) Swisher was improperly calculating its allowance for doubtful accounts receivable; (3) the Company was overstating its net income; (4) Swisher's financial reports were in violation of Generally Accepted Accounting Principles; and (5) Swisher failed to maintain adequate internal and financial controls.
If you purchased Swisher securities between May 16, 2011 and March 28, 2012 and would like to discuss your legal rights, visit www.faruqilaw.com/SWSH. You can also contact us by calling Richard Gonnello or Francis McConville toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to [email protected] or [email protected]. Faruqi & Faruqi, LLP also encourages anyone with information regarding Swisher's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
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FARUQI & FARUQI, LLP 369 Lexington Avenue, 10th Floor New York, NY 10017 Attn: Richard Gonnello, Esq. [email protected] Francis McConville, Esq. [email protected] Telephone: (877) 247-4292 or (212) 983-9330