NEW YORK, Nov. 25, 2015 (GLOBE NEWSWIRE) -- Wolf Haldenstein Adler Freeman & Herz LLP announces that a class action lawsuit has commenced in the United States District Court for the Eastern District of New York on behalf of purchasers of Roadrunner Transportation Systems, Inc. (NYSE:RRTS) (“Roadrunner” or the “Company”) common stock during the period July 30, 2015 through October 26, 2015, inclusive (the “Class Period”).
Shareholders who incurred losses on shares purchased within the Class Period are urged to contact the firm immediately at classmember@whafh.com or (800) 575-0735 or (212) 545-4774.
If you purchased the shares of Roadrunner Transportation Systems, Inc., you may, no later than January 19, 2016, request that the Court appoint you lead plaintiff of the proposed class.
The complaint accuses the defendants of violations of the Securities Exchange Act of 1934 by virtue of the defendants’ failure to disclose during the Class Period that the avian flu epidemic would have an adverse impact on Roadrunner’s financial condition.
Following the Company’s October 26, 2015 announcement that poultry, beef and produce freight were lower than expected due to the Midwest and West Coast droughts and the bird flu epidemic, the value of Roadrunner shares declined substantially, closing at $9.34, down $8.33 on the next trading day.
Wolf Haldenstein has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.
If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein Adler Freeman & Herz LLP by telephone at (800) 575-0735, via e-mail at classmember@whafh.com, or visit our website at www.whafh.com. All e-mail correspondence should make reference to the “Roadrunner Investigation.”
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