Investigation Overview
An investigation on behalf of current long-term investors in shares of ServiceMaster Global Holdings, Inc. (NYSE: SERV) was announced over potential breaches of fiduciary duties by certain officers and directors at ServiceMaster Global Holdings.
The investigation by a law firm concerns whether certain ServiceMaster Global Holdings directors breached their fiduciary duties and caused damage to the company and its shareholders.
Memphis, TN based ServiceMaster Global Holdings, Inc. provides termite and pest control, cleaning, and restoration services in residential and commercial markets in the United States. ServiceMaster Global Holdings, Inc. reported that its annual Total Revenue rose from $2.74 billion in 2016 to $29.1 billion in 2017 and that its Net Income increased from $155 million in 2016 to $510 million in 2017.
Shares of ServiceMaster Global Holdings, Inc. (NYSE: SERV) declined from $44.47 per share in November 2018 to $35.08 per share in December 2018.