CAG Lawsuit, CAG Class Action

Class Action News

Levi & Korsinsky Announces the YRC Worldwide Lawsuit; YRCW Class Action

Levi & Korsinsky

February 14, 2019

NEW YORK, February 14, 2019 – Levi & Korsinsky, LLP announces a class action has commenced on behalf of YRC Worldwide Inc. (“YRC”) (NASDAQGS: YRCW) shareholders who purchased shares between March 10, 2014 and December 14, 2018. You are hereby notified that the YRCW class action lawsuit has been commenced in the United States District Court for the Northern District of New York. To get more information about the YRC Worldwide lawsuit go to: https://www.zlk.com/pslra-1/yrc-worldwide-inc-loss-form or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.

The YRCW class action alleges that throughout the class period Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) from 2005 to at least 2013, YRC’s units systematically overcharged the federal government for freight carrier services; (2) this alleged misconduct caused the Department of Defense to overpay by millions of dollars for shipments that were lighter, and thus cheaper, than the weights for which the government was charged; (3) consequently, this alleged misconduct would subject YRC to enhanced government scrutiny and liabilities, including potentially owing treble damages under the False Claims Act; and (4) as a result, the Company’s public statements were materially false and misleading at all relevant times.

If you suffered a loss in YRC you have until March 4, 2019 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.

Levi & Korsinsky is a national firm with offices in New York, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

 

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

55 Broadway, 10th Floor

New York, NY 10006

Tel: (212) 363-7500

Toll Free: (877) 363-5972

Fax: (212) 363-7171

www.zlk.com