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

Attorney Investigation

Alleged Offence

Misleading Statements,

Failure to Disclose,

Omissions

Suspected Party

Directors,

Management

Security Type

Stocks

Trade Direction

Long

Shock Event Date

22 April 2022

Stericycle (SRCL) Resolution of Bribery Charges Case

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