Cintas Corp. (CTAS)
Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Cintas Corp. (CTAS)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Cintas Corp. (“Cintas” or the “Company”) (NASDAQ: CTAS). The investigation concerns whether Cintas and certain of its officers and/or directors have violated federal securities laws.
On November 13, 2019, Spruce Point Capital Management (“Spruce Point”) issued a report on Cintas claiming to “have evidence that Cintas’ Fire Protection Services was charged with fraud and is causing a public safety hazard by having workers conduct fire and safety inspections without proper licenses or permits, and falsifying inspections.” Spruce Point additionally stated that “Cintas is facing financial strain in its core uniform rental business from its 2017 levered acquisition of G&K [Services, Inc.] for $2.1 bn,” asserting that “it appears management may have suppressed G&K revenue and misguided expenses.” On this news, Cintas’s stock price fell sharply during intraday trading.
If you are aware of any facts relating to this investigation, or purchased Cintas shares, you can assist this investigation by contacting Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.