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Safety-Kleen Faces Litigation

机译:安全克莱因面临诉讼

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Rollins Environmental Services, Inc. shareholders have filed a law-suit accusing Safety-Kleen Corp. (formerly Laidlaw Environmental Services (LES), 3221 N. Service Rd., P.O. Box 5028, Burlington, Ontario L7R 3Y8, Canada; Tel: 905/336-1800, Fax: 905/336-3976) of making material misrepresentations and omissions in the proxy statement issued to Rollins shareholders, causing Rollins shareholders to approve the acquisition of LES at an artificially inflated price. The Rollins shareholders lost value in their LES common stock when it was converted into Rollins common stock.Separately, a class action suit has been filed against Laidlaw, Inc. and certain of its officers and directors in the U.S. District Court of South Carolina. The suit is on behalf of shareholders who purchased the common stock of Laidlaw between October 15, 1997, and March 13. The complaint alleges Laidlaw violated sections of the Securities Exchange Act by overstating the company's assets, income, and earnings per share.
机译:Rollins Environmental Services,Inc.股东已提起诉讼,指控Safety-Kleen Corp.(以前为Laidlaw Environmental Services(LES),地址为3221 N. Service Rd。,PO Box 5028,安大略省Burlington,L7R 3Y8,加拿大;电话:905 / 336-1800,传真:905 / 336-3976)中对罗林斯股东发布的代理声明中的重大失实陈述和遗漏,导致罗林斯股东批准以人为抬高的价格收购LES。 Rollins股东将其LES普通股转换为Rollins普通股时损失了价值。此外,Laidlaw,Inc.及其某些高级职员和董事已向南卡罗来纳州美国地方法院提起了集体诉讼。该诉讼代表代表在1997年10月15日至3月13日之间购买Laidlaw普通股的股东。该诉讼指控Laidlaw夸大了公司的资产,收入和每股收益,从而违反了《证券交易法》的规定。

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