XPO LOGISTICS SHAREHOLDER ALERT: ClaimsFiler Reminds Investors with Losses in Excess of $100,000 of Lead Plaintiff Deadline i...
January 18 2019 - 10:50PM
Business Wire
ClaimsFiler, a FREE shareholder information service, reminds
investors that they have until February 12, 2019 to file
lead plaintiff applications in securities class action lawsuits
against XPO Logistics, Inc. (NYSE: XPO), if they purchased the
Company’s securities between February 26, 2014, and December 13,
2018, inclusive (the “Class Period”). These actions are pending in
the United States District Courts for the District of Connecticut
and Southern District of New York.
Get Help
XPO investors should visit us at
https://www.claimsfiler.com/cases/view-xpo-logistics-inc-securities-litigation
or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti,
LLC are available to discuss your legal options.
About the Lawsuits
XPO and certain of its executives are charged with failing to
disclose material information during the Class Period, violating
federal securities laws.
On December 13, 2018, Spruce Point Capital Management reported
that its lengthy investigation into XPO revealed “concrete evidence
to suggest dubious tax accounting, under-reporting of bad debts,
phantom income through unaccountable M&A earn-out liabilities,
and aggressive amortization assumptions: all designed to portray
glowing ‘Non-GAAP” results” and “financial irregularities
[covering] growing financial strain,” among other findings.
On this news, the price of XPO’s shares plummeted $15.77 per
share, or 26.17%.
The first case filed is Labul v. XPO Logistics, Inc.,
18-cv-02062.
About ClaimsFiler
ClaimsFiler has a single mission: to serve as the information
source to help retail investors recover their share of billions of
dollars from securities class action settlements. At
ClaimsFiler.com, investors can: (1) register for free to gain
access to information and settlement websites for various
securities class action cases so they can timely submit their own
claims; (2) upload their portfolio transactional data to be
notified about relevant securities cases in which they may have a
financial interest; and (3) submit inquiries to the Kahn Swick
& Foti, LLC law firm for free case evaluations.
To learn more about ClaimsFiler, visit www.claimsfiler.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190118005522/en/
ClaimsFilerJerry Gallo,
844-367-9658https://www.claimsfiler.com
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