On or around 04/23/2020 (Other)
Filing Date: December 12, 2019
According to the Complaint, Cintas purports to provide corporate identity uniforms and related business services primarily in North America, Latin America, Europe, and Asia.
The Complaint alleges that Defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Cintas never tracked legacy margins following the G&K acquisition; (2) the Company has systematically provided guidance with which it would outperform (a “Beat and Raise” scheme); (3) undisclosed to the investing public, the Company has breached the law multiple times; (4) as a result of publicly known and undisclosed breaches of law, the Company’s Credit Agreement may be jeopardized; and (5) as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.
On March 3, 2020, the Court issued an Order appointing Lead Plaintiff and Counsel. On April 22, Lead Plaintiff voluntarily dismissed this case.
Company & Securities Information
Defendant: Cintas Corporation
Industry: Business Services
Headquarters: United States
Ticker Symbol: CTAS
Company Market: NASDAQ
Market Status: Public (Listed)
About the Company & Securities Data
"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.
In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
First Identified Complaint
David Stafford, et al. v. Cintas Corporation, et al.
COURT: S.D. Ohio
DOCKET #: 19-CV-01054
JUDGE: Hon. Susan J. Dlott
DATE FILED: 12/12/2019
CLASS PERIOD START: 03/06/2017
CLASS PERIOD END: 11/13/2019
PLAINTIFF FIRMS NAMED IN COMPLAINT:
The Rosen Law Firm, P.A. (NY)
First Identified Complaint (FIC) Filings:
Class Action Complaint for Violations of the Federal Securities Laws
Order Appointing Lead Plaintiff, and Approving Selection of Lead Counsel
Notice of Voluntary Dismissal of Class Action Complaint for Violations of the Federal Securities Laws
U.S. District Court Civil Docket
—Reference Complaint Complaint Related Data is not available
Related District Court Filings
—Related District Court Filings Data is not available