An investor inRoadrunner Transportation Systems Inc (NYSE:RRTS) filed a lawsuit over alleged violations of Securities Laws by Roadrunner Transportation Systems Inc.
Investors who purchased shares of Roadrunner Transportation Systems Inc (NYSE:RRTS have certain options and for certain investors are short and strict deadlines running. Deadline: January 19, 2016. NYSE:RRTS investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
According to the complaint the plaintiff alleges on behalf of purchasers of Roadrunner Transportation Systems Inc (NYSE:RRTS) common shares between July 30, 2015 between October 26, 2015, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between July 30, 2015 between October 26, 2015 defendants issued materially false and misleading statements to investors and/or failed to disclose the avian flu epidemic would have an adverse impact on Roadrunner Transportation Systems’ financial condition, and that as a result, defendants’ statements about Roadrunner Transportation Systems’ business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
Roadrunner Transportation Systems Inc reported that its annual total Revenue rose from $843.63 million in 2011 to over $1.87 billion in 2014 and that its respective Net Income increased from $25.87 million to $51.97 million.
On July 29, 2015, Roadrunner Transportation Systems Inc reported its second quarter 2015 results and announced its third quarter 2015 guidance. Among other things, Roadrunner Transportation Systems Inc announced that it expected diluted earnings per share to be between $0.43 and $0.47 for the third quarter of 2015.
On August 7, 2015, Roadrunner Transportation Systems Inc’s Chairman of the Board Scott Rued sold 2,000,000 Roadrunner Transportation Systems shares through various investment entities at $24.34 per share for proceeds of over $48,000,000.
On October 26, 2015, Roadrunner Transportation Systems Inc announced a revision to its guidance for the third quarter of 2015 and guidance for the fourth quarter of 2015. Roadrunner Transportation Systems Inc lowered its previously issued guidance for the third quarter of 2015 and announced that it expected diluted earnings per share to be between $0.14 and $0.17 per share.
Shares of Roadrunner Transportation Systems Inc (NYSE:RRTS) declined to as low as $8.91 per share on October 27, 2015.
Those who purchased shares of Roadrunner Transportation Systems Inc (NYSE:RRTS) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
Leave Your Comments