NEW YORK--(BUSINESS WIRE)--Abraham, Fruchter & Twersky, LLP (“AF&T” or the “Firm”) is investigating claims on behalf of shareholders of Roadrunner Transportation Systems, Inc. (“Roadrunner” or the “Company”) (NYSE: RRTS).
On October 26, 2015, Roadrunner surprised investors by slashing its third quarter earnings estimate to between $0.14 to $0.17 per share, a decrease of over 60% compared to its previous earnings guidance of $0.43 to $0.47 per share. In reaction to this announcement, on October 27th the stock of Roadrunner plunged, trading more than 45% below the previous day’s closing price of $17.67 per share. Only weeks earlier, on August 3, 2015, entities affiliated with Scott D. Rued, the Chairman of the Company’s board of directors, sold over $48 million of the Company’s common stock.
If you would like additional information please contact Jeffrey S. Abraham or Philip T. Taylor of Abraham, Fruchter & Twersky, LLP toll free at (800) 440-8986, or via e-mail at firstname.lastname@example.org or email@example.com.
Abraham, Fruchter & Twersky, LLP, which is based in New York and has an office in California, has extensive experience in shareholder and securities class action cases, and the firm has been ranked among the leading class action law firms in terms of recoveries achieved in a recent survey of class action law firms conducted by Institutional Shareholder Services.
Attorney Advertising. Prior Results Do Not Guarantee A Similar Outcome.