The Law Offices of Todd M. Garber announces there are 4 days remaining before the May 29, 2012 deadline to file a motion with the court to be appointed as Lead Plaintiff in the shareholder lawsuit against Swisher Hygiene Inc. ("Swisher" or the "Company") (NASDAQ:SWSH). The lawsuit is pending in the United States District Court for the Southern District of New York and was filed on behalf of a class (the "Class") comprising purchasers of Swisher securities between May 16, 2011 and March 28, 2012, inclusive (the "Class Period"). Swisher provides hygiene and sanitation solutions in North America and internationally.
The Complaint alleges violations of federal securities laws by Swisher and certain of its executive officers and directors. Specifically, the Complaint alleges that the defendants issued materially false and misleading statements concerning Swisher's business, operations and financial performance and prospects, including that: (1) the Company was improperly accounting for business acquisitions; (2) the Company was improperly calculating its allowance for doubtful accounts receivable; (3) as a result, the Company's income was overstated; (4) as such, the Company's financial results were not prepared in accordance with Generally Accepted Accounting Principles; (5) the Company lacked adequate internal and financial controls; and (6), as a result of the foregoing, the Company's financial statements were materially false and misleading at all relevant times.
No action is required at this time to be a member of the above-described Class; you may retain counsel of your choice or take no action and remain an absent Class member. However, if you purchased Swisher securities between May 16, 2011 and March 28, 2012, you have until May 29, 2012 to file a motion with the court to be appointed as Lead Plaintiff, if you meet certain legal requirements. If you wish to discuss this action or have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Todd M. Garber, Esquire, of the Law Offices of Todd M. Garber, by telephone at 213-700-7262 or by email to info@toddgarberlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Contacts:
Law Offices of Todd M. Garber
Todd M. Garber, Attorney at Law
213-700-7262
info@toddgarberlaw.com
