IRVINE, Calif.--(BUSINESS WIRE)--Khang & Khang LLP announces that it is investigating claims of potential misrepresentations by Roadrunner Transportation Systems, Inc. (“Roadrunner” or the “Company”) (NYSE: RRTS). The investigation focuses on whether the Company and its officers violated securities laws by issuing misleading information to investors.
If you purchased shares of Roadrunner during the Class Period, please contact Joon M. Khang, Esquire, of Khang & Khang, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or by email at firstname.lastname@example.org.
There has been no class certification in this case. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.
The investigation concerns whether the Company violated the Securities Exchange Act of 1934. Specifically, the investigation will focus on the Company’s July 29, 2015, announcement that it expected diluted earnings to be between $0.43 and $0.47 a share. On August 7, 2015, just nine days after this announcement, the Company’s Chairman of the board sold over two million shares for over $48,000,000. When earnings were released, Roadrunner drastically reduced its third quarter guidance. When the truth was revealed, shares dropped causing investors harm.
If you wish to learn more about this lawsuit, or if you have any questions concerning this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or by email at email@example.com.
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