NEW YORK, March 01, 2019 (GLOBE NEWSWIRE) -- Pawar Law Group reminds shareholders who purchased shares of YRC Worldwide Inc. (NASDAQ: YRCW) from March 10, 2014 through December 14, 2018, inclusive (the “Class Period”) of the important March 4, 2019 lead plaintiff deadline in the class action. The lawsuit seeks to recover damages for YRC Worldwide investors under the federal securities laws.
According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose that: (1) from 2005 to at least 2013, YRC Worldwide’s units systematically overcharged the federal government for freight carrier services; (2) this alleged misconduct caused the Department of Defense to overpay by millions of dollars for shipments that were lighter, and thus cheaper, than the weights for which the government was charged; (3) consequently, this alleged misconduct would subject YRC Worldwide to enhanced government scrutiny and liabilities, including potentially owing treble damages under the False Claims Act; and (4) as a result, YRC Worldwide’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
No class has been certified. Until a class is certified, you are not represented by counsel unless you hire one. You may hire counsel of your choice. You may also do nothing at this time and be an absent member of the class. Your ability to share in any future recovery is not dependent upon being a lead plaintiff.
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