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Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of Cintas Corporation (NASDAQ: CTAS) from March 6, 2017 through November 13, 2019 (the “Class Period”). The lawsuit seeks to recover damages for Cintas Corporation investors under the federal securities laws.
If you bought Cintas Corporation securities between March 6, 2017 through November 13, 2019, and would like to join the action, please click “Join This Class Action,” above.
SHAREHOLDER ALERT: Zhang Investor Law Announces a Securities Class Action Lawsuit Against Cintas Corporation – CTAS
New York, N.Y., December 13, 2019. Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of Cintas Corporation (NASDAQ: CTAS) between March 6, 2017 and November 13, 2019, inclusive (the “Class Period”).
To join the CTAS class action, go to http://zhanginvestorlaw.com/cases/cintas-corporation/ call Sophie Zhang, Esq. toll-free at 800-991-3756 or email firstname.lastname@example.org for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. LEAD PLAINTIFF STATUS IS NOT REQUIRED TO OBTAIN COMPENSATION.
According to the lawsuit, throughout the Class Period (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. The lawsuit claims that when the truth was disclosed in the Spruce Point Capital Management investment research report, investors suffered damages.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than February 10, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://zhanginvestorlaw.com/cases/cintas-corporation/ or to discuss your rights or interests regarding this class action, please contact Sophie Zhang, Esq. of Zhang Investor Law toll free at 800-991-3756 or via e-mail at email@example.com.
Zhang Investor Law represents investors worldwide.