NEW ORLEANS, July 15, 2016 /PRNewswire/ -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until September 12, 2016 to file lead plaintiff applications in a securities class action lawsuit against Stericycle, Inc. (NasdaqGS: SRCL), if they purchased the Company's common stock or depository shares between February 7, 2013 and April 28, 2016, including in the September 15, 2015 public offering (the "Class Period"). This action is pending in the United States District Court for the Northern District of Illinois.
What You May Do
If you purchased shares of Stericycle and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn ([email protected]). If you wish to serve as a lead plaintiff in this class action, you must petition the Court by September 12, 2016.
About the Lawsuit
Stericycle and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
Stericycle allegedly routinely and systematically raised the rates it charged its smaller customers in violation of the contracts it had with those customers, resulting inflated revenue and growth.
On October 22, 2015, Stericycle disclosed disappointing growth and revenues during the 2015 third quarter and lowered its guidance. Then, on April 28, 2016, Stericycle disclosed that its results for the 2016 first quarter were below its guidance and analysts' expectations, and lowered its guidance. On this news, the price of Stericycle's shares plummeted.
About Kahn Swick & Foti, LLC
KSF, whose partners include the Former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against publicly traded companies on behalf of shareholders. The firm has offices in New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
206 Covington St.
Madisonville, LA 70447
SOURCE Kahn Swick & Foti, LLC