NEW YORK--(BUSINESS WIRE)--
Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Roadrunner Transportation Systems, Inc. (NYSE:RRTS) resulting from allegations that Roadrunner may have issued materially misleading business information to the investing public.
On January 30, 2017, Roadrunner announced during after-hours trading that the following financial statements Roadrunner previously filed with the Securities and Exchange Commission should no longer be relied upon: (i) audited consolidated financial statements and unaudited quarterly information included in Roadrunner’s Annual Report on Form 10-K for the year ended December 31, 2014; (ii) unaudited condensed consolidated financial statements included in Roadrunner’s Quarterly Reports on Form 10-Q for the quarters ended March 31, 2014, June 30, 2014, and September 30, 2014; (iii) audited consolidated financial statements and unaudited quarterly information included in Roadrunner’s Annual Report on Form 10-K for the year ended December 31, 2015; (iv) unaudited condensed consolidated financial statements included in Roadrunner’s Quarterly Reports on Form 10-Q for the quarters ended March 31, 2015, June 30, 2015, and September 30, 2015; and (v) unaudited condensed consolidated financial statements included in Roadrunner’s Quarterly Reports on Form 10-Q for the quarters ended March 31, 2016, June 30, 2016 and September 30, 2016. Additionally, Roadrunner identified multiple accounting errors that it estimates will require prior period adjustments to its results of operations of between $20 million and $25 million. On this news, shares of Roadrunner fell sharply during after-hours trading on January 30, 2017.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Roadrunner investors. If you purchased shares of Roadrunner on or before January 30, 2017, please visit the firm’s website at http://www.rosenlegal.com/cases-1044.html for more information. You may also contact Phillip Kim or Kevin Chan of Rosen Law Firm toll free at 866-767-3653 or via email at [email protected] or [email protected].
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm.
Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
Attorney Advertising. Prior results do not guarantee a similar outcome.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170130006247/en/
