LOS ANGELES--(BUSINESS WIRE)--
The Wagner Firm announces that it is investigating potential claims on behalf of investors of Roadrunner Transportation Systems, Inc. (“Roadrunner” or the “Company”) (NYSE: RRTS) concerning the Company and its officers’ possible violations of federal securities laws. Injured investors are encouraged to contact The Wagner Firm to discuss their legal rights, and a potential class action lawsuit to recover investors’ losses.
On January 30, 2017, the Company disclosed that sometime in November of 2016, Roadrunner became aware of several possible accounting errors at its Morgan Southern and Bruenger subsidiaries. Roadrunner further disclosed that the Company’s Board of Directors promptly initiated an investigation of the errors, and based on the information to date Roadrunner has located various accounting discrepancies that it anticipates will necessitate prior period adjustments of between $20 million and $25 million.
On this news, shares of Roadrunner have fallen over 32% during intraday trading on January 31, 2017.
If you purchased Roadrunner shares, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Avi Wagner, Esquire, of The Wagner Firm, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, at (310) 491-7949, by e-mail at [email protected].
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
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