NEW YORK, Feb. 21, 2017 /PRNewswire/ -- The law firm
Gardy & Notis, LLP announces that a lawsuit has been filed on
behalf of a class who purchased Roadrunner Transportation Systems,
Inc. ("Roadrunner") (NYSE: RRTS) securities
between May 8, 2014, and
January 30, 2017,
inclusive (the "Class Period").
If you are an investor who purchased Roadrunner securities
between May 8, 2014, and
January 30, 2017 please contact
Mark C. Gardy at Gardy & Notis,
LLP, 126 East 56th Street, New York,
NY 10022, Telephone: 212-905-0509, email:
mgardy@gardylaw.com to learn more about the lawsuit and how to
apply to the court to be the lead plaintiff. The deadline to
file is April 3,
2017.
The lawsuit claims that Roadrunner and certain of its officers
made materially false and/or misleading statements and/or failed to
disclose certain information making Roadrunner's financial
statements since early 2014 unreliable. On January 30, 2017, Roadrunner disclosed that
certain of its previously issued financial statements should no
longer be relied upon due to misstatements. The Company also
reported that "Roadrunner has identified various accounting errors
that it currently estimates will require prior period adjustments
to Roadrunner's results of operations of between $20 million and $25 million." Roadrunner
reported that it would need to record a goodwill impairment charge,
estimated "in the range of $175 million to
$200 million," in its upcoming quarterly financial
report.
On this news, shares of the Company's stock fell $3.62 per share, or over 31%, to close on
January 31, 2017 at $7.92 per share, on unusually heavy trading
volume.
A class action lawsuit has already been filed. If you lost
money in connection with your Roadrunner securities, you have
until April 3,
2017 to request that the Court appoint you as lead
plaintiff.
Gardy & Notis, LLP specializes in large, complex litigation
in the fields of securities, corporate governance, and mergers and
acquisitions. The attorneys at Gardy & Notis, LLP have served
as a plaintiffs' lead counsel in some of the largest securities
fraud class action recoveries.
Contact:
GARDY & NOTIS, LLP
Mark C. Gardy
126 East 56th Street
New York, NY 10022
Telephone: 212-905-0509
E-mail: mgardy@gardylaw.com
Website: www.gardylaw.com
Attorney Advertising. Past results do not guarantee future
outcomes.
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SOURCE Gardy & Notis, LLP