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Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until June 9, 2020 to file lead plaintiff applications in a securities class action lawsuit against ServiceMaster Global Holdings, Inc. (NYSE: SERV).
ServiceMaster and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On November 5, 2019, pre-market, the Company released its 3Q2019 financial results, disclosing a “challenging quarter” impacted by certain “legacy risks,” including “termite damage claims,” and an increase in termite litigation that occurred “[i]n the past few years” that had impacted termite revenue by 7 to 8 percent, up from the historic impact of termite damage claims of 4 to 4.5%, and that the Company “expect[ed] a year-over-year increase from damage claims of approximately $4 million in the fourth quarter.”
On this news, the price of ServiceMaster’s shares fell, injuring investors.
If you purchased shares of ServiceMaster and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (firstname.lastname@example.org), or fill out the form on this page.
The case is Michael Ruttenberg, et al. v. ServiceMaster Global Holdings, Inc., et al, 20-CV-02976.
Click here to read the first filed complaint.