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Roadrunner Transportation Systems Inc.

Case Summary

Roadrunner Transportation Systems Inc. Securities Litigation

Case Summary

Case Status:    ONGOING    
On or around 10/03/2017 (Ongoing date of last review)

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.

Company & Securities Information

Defendant: Roadrunner Transportation Systems Inc.

COMPANY INFORMATION:

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

SECURITIES INFORMATION:

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.

First Identified Complaint

Robert Goss, et al. v. Roadrunner Transportation Systems Inc., et al.

COURT: E.D. Wisconsin
DOCKET #: 17-CV-00144
JUDGE: Hon. Pamela Pepper
DATE FILED: 01/31/2017
CLASS PERIOD START: 05/08/2014
CLASS PERIOD END: 01/30/2017
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Levi & Korsinsky LLP (DC)
    1101 30th Street, NW; Suite 115, Levi & Korsinsky LLP (DC), DC 20007
    ·
  2. Wagner Law Group, S.C.
    839 N. Jefferson St, Suite 400, Wagner Law Group, S.C., WI 53202
    414-278-7000 414-278-7590 ·
First Identified Complaint (FIC) Filings:
No Document Title Filing Date
1 Complaint for Violation of the Federal Securities Laws 01/31/2017
2 U.S. District Court Civil Docket 06/07/2017

Related District Court Filings

No Document Title Filing Date
1 Complaint for Violation of the Federal Securities Laws 02/01/2017
 
 

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