NEW YORK, May 16, 2012 /PRNewswire/ -- Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of investors who purchased Swisher Hygiene Inc. ("Swisher" or the "Company") (Nasdaq: SWSH) securities between May 16, 2011 and March 28, 2012.
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The Complaint alleges that throughout the class period, defendants made false and/or misleading statements and/or failed to disclose that: (a) the Company was improperly accounting for business acquisitions; (b) the Company was improperly calculating its allowance for doubtful accounts receivable; (c) as a result, the Company's income was overstated; (d) the Company's financial results were not prepared in accordance with Generally Accepted Accounting Principles and the Company's financial statements were materially false and misleading.As a result of these disclosures, the price of Swisher common stock has declined substantially, from a close of $2.76 per share on March 28, 2012, to a close of $2.43 per share the following day. If you suffered a loss in Swisher you have until May 29, 2012 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (877) 363-5972, or visit http://www.zlk.com. Levi & Korsinsky is a national firm with offices in New York and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in shareholder lawsuits. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major securities lawsuits and have successfully recovered multimillion-dollar awards on behalf of investors. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.com SOURCE Levi & Korsinsky, LLP