SAN DIEGO, Dec. 02, 2015 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a lawsuit was filed in New York on behalf of certain purchasers of shares of Roadrunner Transportation Systems Inc (NYSE:RRTS) over alleged Securities Laws Violations 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.
The plaintiff claims that the defendants issued certain 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.
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, the Company’s chairman of the board sold over two million shares for 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 Roadrunner Transportation Systems Inc (NYSE:RRTS) shares have certain options and should contact the Shareholders Foundation, Inc. by e-mail at mail@shareholdersfoundation.com or call +1 (858) 779-1554.
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.