Levi & Korsinsky announces it has commenced a class action lawsuit in the USDC for the Eastern District of Wisconsin on behalf of shareholders of Roadrunner Transportation Systems, Inc. (NYSE: RRTS) who purchased shares between May 8, 2014 and January 30, 2017.
On January 30, 2017, Roadrunner announced that certain “financial statements and associated reports” filed with the Securities and Exchange Commission “should no longer be relied upon.” The complaint alleges that throughout the Class Period, Roadrunner made materially false and/or misleading statements and/or failed to disclose that: (1) the Company lacked effective internal controls over financial reporting; (2) the Company’s financial statements dating back to the beginning of 2014 overstated the estimated results of operations; (3) the Company’s financial statements contained errors relating to unrecorded expenses from unreconciled balance sheet accounts including cash, driver and other receivables, and linehaul and other driver payables; and (4) the Company’s financial statements dating back to the beginning of 2014 were not reliable.
If you suffered a loss in Roadrunner you have until April 3, 2017 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.
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