WILMINGTON, Del.--(BUSINESS WIRE)--Rigrodsky & Long, P.A.:
- Do you own shares of Roadrunner Transportation Systems, Inc. (NYSE: RRTS)?
- Did you purchase your shares between July 30, 2015 and October 26, 2015, inclusive?
- Did you lose money in your investment?
Rigrodsky & Long, P.A. announces that a complaint has been filed in the United States District Court for the Eastern District of New York on behalf of all persons or entities that purchased the common stock of Roadrunner Transportation Systems, Inc. (“Roadrunner” or the “Company”) (NYSE: RRTS) between July 30, 2015 and October 26, 2015, inclusive (the “Class Period”), alleging violations of the Securities Exchange Act of 1934 against the Company and certain of its officers (the “Complaint”).
If you purchased shares of Roadrunner during the Class Period, or purchased shares prior to the Class Period and still hold Roadrunner, and wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact Timothy J. MacFall, Esquire or Peter Allocco of Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803 at (888) 969-4242; by e-mail to info@rl-legal.com; or at: http://rigrodskylong.com/investigations/roadrunner-transportation-systems-inc-rrts.
The Complaint alleges that throughout the Class Period, defendants made materially false and misleading statements, and omitted materially adverse facts, about the Company’s business, operations and prospects. As a result of defendants’ alleged false and misleading statements, the Company’s stock traded at artificially inflated prices during the Class Period.
According to the Complaint, after the market closed on October 26, 2015, the Company reduced its third quarter guidance by more than 60%, announcing that it expected diluted earnings per share, excluding transaction expenses, to be between $0.14 and $0.17 per share.
On this news, shares in Roadrunner dropped over 47%, closing at $9.34 per share on October 27, 2014, on heavy trading volume.
If you wish to serve as lead plaintiff, you must move the Court no later than January 18, 2016. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Any member of the proposed class may move the court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.
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