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SRCL.US
id: 1008

Stericycle (SRCL) Resolution of Bribery Charges Case

  • In April 2022, Stericycle (SRCL) had agreed to pay over $84 million to resolve bribery investigations in US and Brazil

  • On it, $SRCL fell 5.2%, losing $272M+ of shareholder value.

  • Investors may have grounds to suspect that Stericycle hid its legal setbacks, which led to their losses.

On April 20, 2022, it was announced that Stericycle had agreed to pay over $84 million to resolve investigations by U.S. and Brazilian regulators regarding the bribery of officials in multiple countries between 2011 and 2016.

On this news, $SRCL fell 5.2% and lost over $272 million of its market capitalization, seriously damaging shareholders.

Considering all the information, investors might have grounds to suspect that Stericycle failed to timely disclose legal setbacks, which led to their losses.

The case is already under investigation by at least one of the reputable law firms.

Case Status
Inactive Investigation
Alleged Offence
Misleading Statements, 
Failure to Disclose, 
Omissions
Suspected Party
Directors, 
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
04/22/2022