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Ryder System, Inc.

Case Summary

Ryder System, Inc. Securities Litigation

Case Summary

Case Status:    ONGOING    
On or around 10/06/2020 (Date of last review)

Filing Date: May 20, 2020

According to the Complaint, Ryder is a global provider of transportation and supply chain management products, including leasing trucks to end users.

The Complaint alleges that Defendants inflated Ryder's financial results by systematically overstating the residual value of its trucking fleet, and that as a result of Defendants' misrepresentations, shares of Ryder's common stock traded at artificially inflated prices during the Class Period.

On August 4, 2020, the Court issued an Order appointing Lead Plaintiffs and Counsel. Lead Plaintiffs filed an amended Complaint on October 5.

Company & Securities Information

Defendant: Ryder System, Inc.

COMPANY INFORMATION:

Sector: Services
Industry: Rental & Leasing
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: R
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

Key West Police & Fire Pension Fund, et al. v. Ryder System, Inc., et al.

COURT: S.D. Florida
DOCKET #: 20-CV-22109
JUDGE: Hon. Kathleen M. Williams
DATE FILED: 05/20/2020
CLASS PERIOD START: 07/23/2015
CLASS PERIOD END: 02/13/2020
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Bernstein Litowitz Berger & Grossmann LLP (New New York)
  2. Klausner Kaufman Jensen & Levinson
First Identified Complaint (FIC) Filings:
No Document Title Filing Date
1 Class Action Complaint for Violations of the Federal Securities Laws 05/20/2020
2 Order Appointing Lead Plaintiff 08/04/2020
3 U.S. District Court Civil Docket 08/09/2020

Reference Complaint

State of Alaska, Alaska Permanent Fund, et al. v. Ryder System, Inc., et al.

COURT: S.D. Florida
DOCKET #: 20-CV-22109
JUDGE: Hon. Kathleen M. Williams
DATE FILED: 10/05/2020
CLASS PERIOD START: 07/23/2015
CLASS PERIOD END: 02/13/2020
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Bernstein Litowitz Berger & Grossmann LLP (New New York)
  2. Klausner Kaufman Jensen & Levinson
Reference Complaint (REF) Filings:
No Document Title Filing Date
1 Amended Complaint for Violations of the Federal Securities Laws 10/05/2020
2 U.S. District Court Civil Docket 10/06/2020

Related District Court Filings

—Related District Court Filings Data is not available
 
 

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