NEW YORK--(BUSINESS WIRE)--The following statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased or otherwise acquired common shares of Roadrunner Transportation Systems, Inc. (“Roadrunner”) (NYSE:RRTS) between May 8, 2014, and January 30, 2017. You are hereby notified that Levi & Korsinsky has commenced a securities class action entitled Goss v. Roadrunner Transportation Systems, Inc., et al., 2:17-cv-00144 in the U.S. District Court for the Eastern District of Wisconsin (click here to view the complaint). To get more information go to:
or contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.
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.
Take Action: 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.
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.