According to the Complaint, YRC Worldwide Inc. provides various transportation services primarily in North America. It operates as a holding company with two reporting segments: YRC Freight (longer haul trucking) and Regional Transportation (regional and next-day delivery markets).

The Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) from 2005 to at least 2013, YRC Worldwide’s units systematically overcharged the federal government for freight carrier services; (2) this alleged misconduct caused the Department of Defense to overpay by millions of dollars for shipments that were lighter, and thus cheaper, than the weights for which the government was charged; (3) consequently, this alleged misconduct would subject YRC Worldwide to enhanced government scrutiny and liabilities, including potentially owing treble damages under the False Claims Act; and (4) as a result, YRC Worldwide’s public statements were materially false and misleading at all relevant times.

On April 25, 2019, the Court issued an Order appointing Co-Lead Plaintiffs and Co-Lead Counsel. Lead Plaintiffs filed an amended Complaint on June 14. On June 19, Lead Plaintiffs corrected the amended Complaint. Defendants filed a Motion to Dismiss the amended Complaint on July 15. On March 27, 2020, the Court issued an Order granting Defendants' Motion to Dismiss. On April 27, Lead Plaintiffs filed a notice appealing the Court's Dismissal Order.

On April 12, 2021, the parties entered into a Stipulation of Settlement. The Court granted preliminary approval of the Settlement on April 19. On September 9, the Court granted final approval of the Settlement and entered Final Judgment.

On November 8, 2021, Lead Plaintiffs filed a stipulation to withdraw their appeal of the Court's Dismissal Order.

The Court issued an Order authorizing Distribution of the Settlement fund on May 5, 2022.

On May 1, 2023, the Court issued an Order allocating the remainder of the Settlement Fund to the Cy Pres recipient.