Swisher Hygiene, Inc. is an American sanitation company that offers janitorial services and cleaning and sanitizing chemicals.

The Complaint filed on March 30, 2012 alleges that Defendants made false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants made false and/or misleading statements and/or failed to disclose: (1) that the Company was improperly accounting for business acquisitions; (2) that the Company was improperly calculating its allowance for doubtful accounts receivable; (3) that, as a result, the Company's income was overstated; (3) that, as such, the Company's financial results were not prepared in accordance with Generally Accepted Accounting Principles; (4) that the Company lacked adequate internal and financial controls; and (5) that, as a result of the foregoing, the Company's financial statements were materially false and misleading at all relevant times.

On August 14, 2012, this case was transferred to the Western District of North Carolina.

On October 19, 2012, the Court issued an Order appointing lead Plaintiffs and approving the selection of lead Counsel.

On April 24, 2013, the Plaintiffs filed an amended and consolidated Complaint.

On February 5, 2014, the parties entered into a Stipulation of Settlement. The Court granted preliminary approval of the Settlement on March 11. On August 6, the Court granted final approval of the Settlement, including an award of Attorneys’ Fees and Expenses, and entered Final Judgment.

The Court issued an Order approving distribution of the Settlement fund on May 22, 2015.