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Case Status:    ONGOING    
On or around 08/02/2019 (Ongoing date of last review)

Filing Date: December 14, 2018

According to the Complaint, XPO provides transportation and logistics services in the United States, North America, France, the United Kingdom, Spain, Europe, Asia, and internationally, through its Transportation and Logistics segments. The company offers its services to customers in various industries, such as retail, e-commerce, food and beverage, manufacturing, technology and telecommunications, aerospace and defense, life sciences, healthcare, medical equipment, and agriculture. The Company was formerly known as Express-1 Expedited Solutions, Inc.

The Complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies. Specifically, the Complaint alleges that Defendants made false and/or misleading statements and/or failed to disclose that: (i) XPO’s highly touted aggressive M&A strategy had yielded only minimal returns to the Company; (ii) XPO was utilizing improper accounting practices to mask its true financial condition, including, inter alia, under-reporting of bad debts and aggressive amortization assumptions; and (iii) as a result, the Company’s public statements were materially false and misleading at all relevant times.

On April 2, 2019, the Court issued an Order appointing Lead Plaintiff and Lead Counsel. Lead Plaintiff filed a consolidated Complaint on June 3.

COMPANY INFORMATION:

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

SECURITIES INFORMATION:

Ticker Symbol: XPO
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: D. Connecticut
DOCKET #: 18-CV-02062
JUDGE: Hon. Vanessa L. Bryant
DATE FILED: 12/14/2018
CLASS PERIOD START: 02/26/2018
CLASS PERIOD END: 12/12/2018
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Levi & Korsinsky (Stamford)
  2. Pomerantz LLP (New York)
No Document Title Filing Date
COURT: D. Connecticut
DOCKET #: 18-CV-02062
JUDGE: Hon. Vanessa L. Bryant
DATE FILED: 06/03/2019
CLASS PERIOD START: 08/03/2016
CLASS PERIOD END: 02/14/2019
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Izard, Kindall & Raabe, LLP
    29 South Main Street , Izard, Kindall & Raabe, LLP , CT 06107
    860-493-6292 860-493-6290 ·
  2. Labaton Sucharow LLP
    140 Broadway, Labaton Sucharow LLP, NY 10005
    212.907.0700 212.818.0477 · info@labaton.com
  3. Robbins Geller Rudman & Dowd LLP (New SF Office)
    One Montgomery Street, Suite 1800, Robbins Geller Rudman & Dowd LLP (New SF Office), CA 94104
    (415) 288-4545 (415) 288-4534 ·
No Document Title Filing Date
—Related District Court Filings Data is not available