Skip to Content

GFL Environmental Inc.

Company NameGFL Environmental Inc.
Stock SymbolGFL
Status1

In March 2020, GFL completed its initial public offering (“IPO”), in which it sold 75 million shares at $19.00 per share. 

On August 18, 2020, Spruce Point Management published a report alleging, among other things, that GFL’s Chief Executive Officer Patrick Dovigi "obfuscated connections to what some observers have dubbed 'organized crime'." The report also alleged that "GFL's  leverage is understated by aggressive reporting of revenue and EBITDA, and free cash flow burn is understated by ~60%," asserting that "this is evidenced by financial restatements without explanation, and by minimizing a material weaknesses of financial controls."

On this news, GFL's stock price fell $1.75 per share, or 8%, to close at $19.48 per share on August 18, 2020, thereby injuring investors.

 

 

Submit Your Information

If you suffered a loss on your GFL Environmental Inc. investments or would like to inquire about joining an action to recover your loss under the federal securities laws, please complete the form below. Please note that submission of this form does not by itself form an attorney-client relationship nor does filing out this form mean you have joined any lawsuit.

Shares Purchased

Number of SharesBuy DatePrice Per ShareAdd

Shares Sold

Number of SharesSell DatePrice Per ShareAdd