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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
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
Collecting participants…

Stericycle Inc

Stericycle, Inc., together with its subsidiaries, provides regulated waste and compliance services in the United States, Europe, and internationally. The company offers regulated waste and complian...

    Ticker
    SRCL.US
    ISIN
    US8589121081
    CIK
    861878
    Sector
    Industrials
    Industry
    Waste Management
    Country
    USA
    Address
    2355 Waukegan Road, Bannockburn, IL, United States, 60015