The information contained on this website is only a summary of the information presented in more detail in the Notice of (I) Pendency of Class Action and Proposed Settlement; (II) Settlement Hearing; and (III) Motion for an Award of Attorneys' Fees and Reimbursement of Litigation Expenses. Because this website is just a summary, you should review the Notice for additional details.
The Court-appointed Lead Plaintiffs, the Public Employees’ Retirement System of Mississippi and the Arkansas Teacher Retirement System on behalf of themselves and the Settlement Class (as defined below), have reached a settlement of the action captioned In re Stericycle, Inc. Securities Litigation, Civ. A. No. 1:16-cv-07145 (the “Action”) for $45,000,000 in cash (the “Settlement”).
The Action alleges, among other things, that Defendants violated the federal securities laws by making false and misleading statements regarding Stericycle’s business. A more detailed description of the Action, including the claims asserted, is set forth in paragraphs 11-24 of the Notice.
Following a hearing on July 22, 2019, the Court entered the Judgment finally approved the Settlement and resolving all claims in the Action. The Court also entered a separate Order approving the Plan of Allocation for the proceeds of the Settlement.
The Settlement Class consists of:
All persons or entities who purchased or otherwise acquired publicly-traded Stericycle common stock (“Stericycle Common Stock”) or publicly-traded Stericycle depositary shares (“Stericycle Depositary Shares”) (collectively, “Stericycle Securities”) in the open market during the period from February 7, 2013 through February 21, 2018, inclusive (the “Class Period”), including Stericycle Depositary Shares purchased in or traceable to the public offering of Stericycle Depositary Shares conducted on or around September 15, 2015, and were damaged thereby, except for certain persons and entities who are excluded from the Settlement Class by definition (see paragraph 25 of the Notice).
If you are a member of the Settlement Class, in order to be potentially eligible for a payment from the Settlement, you were required to submit a Claim Form with adequate supporting documentation postmarked no later than August 7, 2019.
Payments to eligible claimants will be made only after any appeals of the Settlement are resolved, and after the completion of all claims processing. Please be patient, as this process will take some time to complete.
How do I obtain more information?
More detailed information about the Action and the Settlement is contained in the Notice available on the Important Documents page on this website. Additional information can also be obtained by contacting the Claims Administrator by calling toll-free 1-833-291-1647; emailing info@StericycleSecuritiesLitigation.com; or mailing a letter to:
Stericycle Securities Litigation Settlement
c/o JND Legal Administration
P.O. Box 91124
Seattle, WA 98111
Inquiries should NOT be directed to the Court or Defendants