Roadrunner Transportation Systems, Inc. Securities Litigation
On or around 01/22/2016 (Court's order of dismissal)
Filing Date: November 17, 2015
According to the law firm press release, the lawsuit alleges throughout the Class Period defendants issued materially false and misleading statements to investors and/or failed to disclose that: (1) the avian flu epidemic would have an adverse impact on Roadrunner Transportation Systems’ financial condition; and (2) as a result, defendants’ statements about Roadrunner Transportation Systems’ business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
On January 22, 2016, the Court issued an Order granting voluntary dismissal of this case by plaintiff.
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