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Investigation for Long-Term Investors in Cintas Corporation (NASDAQ: CTAS) announced

04-09-2020 02:30 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of current long term investors in Cintas Corporation (NASDAQ: CTAS) shares.

An investigation on behalf of current long term investors in Cintas Corporation (NASDAQ: CTAS) shares.

An investigation was announced concerning potential breaches of fiduciary duties by certain directors and officers of Cintas Corporation.

Investors who are current long term investors in Cintas Corporation (NASDAQ: CTAS) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in (NASDAQ: CTAS stocks follows a lawsuit filed against Cintas Corporation over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: CTAS stocks, concerns whether certain Cintas Corporation directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Southern District of Ohio the plaintiff alleges that the defendants made false and/or misleading statements and/or failed to disclose that Cintas never tracked legacy margins following the G&K acquisition, that the Company has systematically provided guidance with which it would outperform (a "Beat and Raise" scheme), that undisclosed to the investing public, the Company has breached the law multiple times, that as a result of publicly known and undisclosed breaches of law, the Company's Credit Agreement may be jeopardized, and that as a result, defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Those who purchased shares of Cintas Corporation (NASDAQ: CTAS) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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