NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of U.S. Xpress Enterprises, Inc. (NYSE: USX) resulting from allegations that U.S. Xpress may have issued materially misleading business information to the investing public.
On November 1, 2018, after market hours, U.S. Xpress reported its third quarter 2018 financial results announcing that utilization in certain trucking divisions were adversely impacted as its over-the-road division was called upon to provide drivers to its dedicated division. The very next day, U.S. Xpress announced the appointment of a new Chief Operating Officer. On this news, shares of U.S. Xpress fell $3.04 or nearly 30% to close at $7.10 per share on November 2, 2018. U.S. Xpress shares are currently trading approximately 45% below the company’s initial public offering price of $16.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by U.S. Xpress investors. If you purchased shares of U.S. Xpress please visit the firm’s website at https://www.rosenlegal.com/cases-1447.html to join the class action. You may also contact Phillip Kim or Zachary Halper of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or zhalper@rosenlegal.com.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013.
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