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U.S. Xpress Enterprises, Inc.

Case Summary

U.S. Xpress Enterprises, Inc. Securities Litigation

Case Summary

Case Status:    ONGOING    
On or around 03/10/2020 (Date of last review)

Filing Date: March 08, 2019

According to the law firm press release, the complaint alleges that the Offering Documents failed to disclose that: (1) a shortage of trucks was negatively impacting U.S. Xpress’s dedicated division; (2) (a) certain shipping patterns had been performing differently than expected and, as a result, (b) utilization and driver retention and hiring were being negatively affected, and as a result, (c) U.S. Xpress’s dedicated accounts, including one large account, were being negatively impacted; and as a result, (d) U.S. Xpress’s OTR division was providing continued support to the dedicated division; (3) (a) U.S. Xpress failed to stay informed regarding two large liability events; and as a result (b) U.S. Xpress’s insurance claim expense was understated; and (4) U.S. Xpress’s cost per mile for driver wages and independent contractors was exceeding the Company’s internal expectations.

This case was voluntarily dismissed on May 9, 2019. A related case continues under Docket 19-CV-00098. On July 18, 2019, the Court issued an Order appointing Lead Plaintiff and Counsel. Lead Plaintiff filed an amended Complaint on October 8.

Company & Securities Information

Defendant: U.S. Xpress Enterprises, Inc.

COMPANY INFORMATION:

Sector: Transportation
Industry: Trucking
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: USX
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

Benjamin Smith, et al. v. U.S. Xpress Enterprises, Inc., et al.

COURT: E.D. Tennessee
DOCKET #: 19-CV-00078
JUDGE: Hon. Harry S Mattice, Jr
DATE FILED: 03/08/2019
CLASS PERIOD START: 06/15/2018
CLASS PERIOD END: 03/08/2019
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Holifield Janich Rachal & Associates, PLLC
  2. Levi & Korsinsky (Stamford)
First Identified Complaint (FIC) Filings:
No Document Title Filing Date
1 Complaint for Violations of the Federal Securities Laws 03/08/2019
2 Notice of Voluntary Dismissal 05/09/2019
3 U.S. District Court Civil Docket 05/10/2019

Reference Complaint

Deirdre Terry, et al. v. U.S. Xpress Enterprises, Inc., et al.

COURT: E.D. Tennessee
DOCKET #: 19-CV-00098
JUDGE: Hon. Harry S Mattice, Jr
DATE FILED: 10/08/2019
CLASS PERIOD START: 06/14/2018
CLASS PERIOD END: 11/01/2018
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Barrett Johnston Martin & Garrison, LLC
  2. Bragar Eagel & Squire PC
  3. Levi & Korsinsky, LLP (Stamford)
  4. Robbins Geller Rudman & Dowd LLP (Nashville)
Reference Complaint (REF) Filings:
No Document Title Filing Date
1 Class Action Complaint for Violations of the Federal Securities Laws 04/02/2019
2 Order 07/18/2019
3 Lead Plaintiff's Complaint for Violation of the Federal Securities Laws 10/08/2019
4 U.S. District Court Civil Docket 03/10/2020

Related District Court Filings

—Related District Court Filings Data is not available
 
 

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