The firm is investigating potential claims against the board of directors of Stericycle, Inc. ("Stericycle" or the "Company") (SRCL) concerning whether the board has breached its fiduciary duties to shareholders or violated the federal securities laws
Stericycle, Inc. (SRCL), a Delaware corporation headquartered in Lake Forest, IL, provides regulated waste management services to both public and private sector entities.
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.
On March 8, 2013, a veterinary clinic filed a class action on behalf of Stericycle’s private customers, alleging breach of contract and unjust enrichment claims, as well as violations of state deceptive business practice statutes. Our investigation concerns whether the Company's officers and directors should be liable for the harm to Stericycle
If you are aware of any facts relating to this investigation, or are a current shareholder since April 28, 2008 and would like to discuss your options of exercising your rights as a shareholder, please contact us.
Please submit the following information so we can determine if you qualify for the suit. If you don't know all the specific details, partial information is also acceptable.
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