Former United States Securities and Exchange Commission attorney Willie Briscoe, founder of The Briscoe Law Firm, PLLC, and the securities litigation firm of Powers Taylor, LLP announce that the firms are investigating legal claims against the officers and Board of Directors of Swisher Hygiene, Inc. ("Swisher" or "SWSH") (NASDAQ: SWSH) related to potential securities violations between May 16, 2011 and March 28, 2012 (the "Class Period").
If you are an affected investor and you want to learn more about the lawsuit or join the action, contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at email@example.com, or Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 706-9314, or via email at WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you.
In a recently filed federal class action complaint, Swisher's officers and directors were charged with violating the Securities Exchange Act of 1934. Specifically, the complaint alleges that defendants' made false and/or misleading statements and/or failed to disclose: (1) that Swisher was improperly accounting for business acquisitions; (2) that Swisher was improperly calculating its allowance for doubtful accounts receivable; (3) that, as a result, Swisher's income was overstated; (4) that, as such, Swisher's financial results were not prepared in accordance with Generally Accepting Accounting Principles; (5) that Swisher lacked adequate internal and financial controls; and (6) that, as a result of the foregoing, Swisher's financial statements were materially false and misleading at all relevant items. Further, the complaint alleges that due to the foregoing, Swisher shareholders suffered heavy losses.
According to shareholder rights attorney Willie Briscoe, "The recent revelations about Swisher's alleged misrepresentations regarding its business and financial status are particularly troubling. This has led our firms to investigate possible breaches of fiduciary duties and other violations of state law by Swisher's officers and directors. Based on our investigation, we are prepared to institute litigation to preserve the company and the value of Swisher's stock for all shareholders."
The Briscoe Law Firm, PLLC is a full service business litigation, commercial transaction, and public advocacy firm with more than 20 years of experience in complex litigation and transactional matters.
Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.
Powers Taylor, LLP
Patrick Powers, 877-728-9607
The Briscoe Law Firm, PLLC
Willie Briscoe, 214-706-9314