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ServiceMaster Global Holdings, Inc. (NYSE: SERV)

ServiceMaster Global Holdings, Inc. (NYSE: SERV)

Company Name: ServiceMaster Global Holdings, Inc.
Stock Symbol: NYSE: SERV
Class Period Start: 02/26/2019
Class Period End (inclusive): 02/26/2019
Filing Deadline: 06/09/2020
Court: Southern District of New York

Case Details

Barbuto & Johansson, P.A. reminds investors that they have until June 9, 2020 to file lead plaintiff applications in a securities class action lawsuit against ServiceMaster Global Holdings, Inc. (NYSE: SERV). ServiceMaster and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws. On November 5, 2019, pre-market, the Company released its 3Q2019 financial results, disclosing a “challenging quarter” impacted by certain “legacy risks,” including “termite damage claims,” and an increase in termite litigation that occurred “[i]n the past few years” that had impacted termite revenue by 7 to 8 percent, up from the historic impact of termite damage claims of 4 to 4.5%, and that the Company “expect[ed] a year-over-year increase from damage claims of approximately $4 million in the fourth quarter.” On this news, the price of ServiceMaster’s shares fell, injuring investors. If you purchased shares of ServiceMaster and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact the Firm's Managing Partner, Anthony Barbuto, toll-free at 1-888-715-2520 or via email (anthony@barjolaw.com), or fill out the form on this page. The case is Michael Ruttenberg, et al. v. ServiceMaster Global Holdings, Inc., et al, 20-CV-02976. Click here to read the first filed complaint.