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Investigation announced for Long-Term Investors in shares of ServiceMaster Global Holdings, Inc. (NYSE: SERV)

07-29-2020 09:53 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of current long term investors in ServiceMaster Global Holdings, Inc. (NYSE: SERV) shares.

An investigation on behalf of current long term investors in ServiceMaster Global Holdings, Inc. (NYSE: SERV) shares.

An investigation on behalf of current long-term investors in shares of ServiceMaster Global Holdings, Inc. (NYSE: SERV) concerning potential breaches of fiduciary duties by certain directors and officers of ServiceMaster Global Holdings, Inc. was announced.

Investors who are current long term investors in ServiceMaster Global Holdings, Inc. (NYSE: SERV) 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 NYSE: SERV stocks follows a lawsuit filed against ServiceMaster Global Holdings, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: SERV stocks, concerns whether certain ServiceMaster Global Holdings, Inc. 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 New York the plaintiff alleges that, the defendants repeatedly assured the market that ServiceMaster was successfully executing upon initiatives to improve the performance in the Terminix segment, that the defendants stated that Terminix would reach a positive “inflection point” and was “definitely the driver” for positive trends expected in the second half of 2019, that unbeknownst to investors, however, in the past several years the Terminix segment had experienced an adverse trend of costly termite litigation, primarily related to Formosan termite activity, and that this negative trend, which would ultimately impact ServiceMaster’s current and future financial results, was known to Defendants between February 26, 2019 and November 4, 2019, as by their own later admission they had been taking mitigating measures since 2018.

Those who purchased shares of ServiceMaster Global Holdings, Inc. (NYSE: SERV) 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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