Glancy Prongay & Murray Announces the Filing of a Securities Class Action on Behalf of Stericycle, Inc. Investors and Encourages Investors to Contact the Firm

Glancy Prongay & Murray LLP (“GPM”) announces that a class action lawsuit has been filed on behalf of investors who purchased Stericycle, Inc. ("Stericycle" or the "Company") (NASDAQ: SRCL) securities between February 7, 2013 and April 28, 2016, inclusive (the “Class Period”). Stericycle investors have until September 12, 2016 to file a lead plaintiff motion.

Investors suffering losses on their Stericycle investments are encouraged to contact Lesley Portnoy of GPM to discuss their legal rights in this class action at 310-201-9150 or by email to shareholders@glancylaw.com.

On September 9, 2015, Stericycle announced a public offering of 7,000,000 depositary shares at $100.00 per share. Shortly thereafter, on October 22, 2015, Stericycle issued its financial results for the 2015 third quarter and year to date, these results fell below expectations, with the Company 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.” Upon this news, shares of Stericycle dropped more than 12 percent thereby damaging investors.

The complaint filed in this action alleges that the defendants failed to adequately disclose to investors the Company’s disappointing growth rates and future revenues, and upon disclosure of the Company’s actual financial health Stericycle shares declined sharply in value.

If you purchased shares of Stericycle during the Class Period you may move the Court no later than September 12, 2016 to ask the Court to appoint you as lead plaintiff if you meet certain legal requirements. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at http://glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contacts:

Glancy Prongay & Murray LLP, Los Angeles
Lesley Portnoy, 310-201-9150 or 888-773-9224
shareholders@glancylaw.com
https://www.glancylaw.com

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.