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Case Status:    SETTLED
On or around 10/09/2019 (Other)

Filing Date: January 31, 2017

According to the law firm press release, Roadrunner provides asset-light transportation and logistics services provider that purports to offer a comprehensive suite of global supply chain solutions, including truckload logistics, customized and expedited less-than-truckload, intermodal solutions, freight consolidation, inventory management, expedited services, air freight, international freight forwarding, customs brokerage, and transportation management solutions. Roadrunner utilizes a broad third-party network of transportation providers, comprised of independent contractors and purchased power providers, with a focus on mid-size shippers. At all relevant times Morgan Southern, Inc. (“Morgan Southern”) and Bruenger Trucking (“Bruenger”) were among the Company’s subsidiaries.

The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) the Company’s Morgan Southern and Bruenger subsidiaries had engaged in improper accounting practices; (ii) Roadrunner lacked effective internal controls; (iii) as a result, Roadrunner overstated its earnings throughout the Class Period by tens of millions of dollars; and (iv) as a result of the foregoing, Roadrunner’s financial statements were materially false and misleading at all relevant times.

On May 19, 2017, the Court issued an Order consolidating cases, appointing Lead Plaintiff, and approving Lead Counsel. Lead Plaintiff filed a consolidated, amended Complaint on March 12, 2018.

On November 26, 2018, the Court issued an Order to stay the action pending finalization of the Settlement. The parties were ordered to file a motion for preliminary approval of settlement within 60 days. On April 1, 2019, the parties entered into a Stipulation and Agreement of Settlement. The Court issued an Order granting preliminary approval of the Settlement on June 19. On September 26, the Court granted final approval of the Settlement.


Sector: Transportation
Industry: Misc. Transportation
Headquarters: United States


Ticker Symbol: RRTS
Company Market: New York SE
Market Status: Public (Listed)

About the Company & Securities Data

"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: E.D. Wisconsin
DOCKET #: 17-CV-00144
JUDGE: Hon. Pamela Pepper
DATE FILED: 01/31/2017
CLASS PERIOD END: 01/30/2017
  1. Levi & Korsinsky LLP (DC)
  2. Wagner Law Group, S.C.
No Document Title Filing Date
COURT: E.D. Wisconsin
DOCKET #: 17-CV-00144
JUDGE: Hon. Pamela Pepper
DATE FILED: 03/12/2018
CLASS PERIOD END: 01/30/2017
  1. Barrack, Rodos & Bacine (San Diego)
    600 West Broadway, Suite 900, Barrack, Rodos & Bacine (San Diego), CA 92101
    619.230.0800 619.230.0800 ·
  2. Cross Law Firm, S.C.
    The Lawyers’ Building 845 N. 11th Street, Cross Law Firm, S.C., WI 53233
    414.224.0000 414.273.7055 ·
  3. Gadow Tyler PLLC
    511 E. Pearl Street, Gadow Tyler PLLC, MS 39201
    (601) 355-0654 (601) 510-9667 ·
No Document Title Filing Date
No Document Title Filing Date