Recent News About Stericycle Inc.
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A Chicago federal judge has signed off on a $295 million deal to end a multi-state class action lawsuit accusing medical waste disposal company Stericycle of fixing prices for many of its customers, allegedly costing them hundreds of millions of dollars.
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A federal judge has been asked to grant final approval to a $295 million settlement deal ending a multi-state class action lawsuit accusing medical waste disposal company Stericycle of fixing prices for its “small quantity” customers under an automatic price increase policy.
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Saying the proposed settlement reflects “professionalism of the highest order, when measured by the appropriate yardstick,” a federal judge in Chicago has granted an initial nod to a $295 million settlement deal intended to end a multi-state class action lawsuit accusing medical waste disposal company Stericycle of fixing prices, costing hundreds of millions of dollars to its smaller customers.
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A federal judge has been asked to sign off on a $295 million settlement deal, intended to end a class action accusing Stericycle of improperly hiking prices for its smaller customers. Lawyers for the plaintiffs could receive as much as $40 million in fees under the deal.
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A federal judge has cleared the way for a nationwide class action to proceed against Stericycle over allegations the Lake Forest-based regulated waste disposal giant for years used an automatic price-increasing scheme to defraud customers out of hundreds of millions of dollars.
