Stericycle investors agree $45m settlement over fraud charges

Stericycle last month agreed to a tentative settlement with investors who brought a putative class action against it over allegedly fraudulent business practices.

The agreement follows a similar, nearly $27 million settlement approved in February 2016 of a whistleblower lawsuit that accused the Lake Forest, Ill.-based medical waste disposal firm of overbilling federal and state governments. Both suits alleged that the company imposed price increases of up to 18% on its customers, in violation of the False Claims Act and its own contracts with the customers, according to court documents.

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