WASHINGTON, Dec. 16, 2015 (GLOBE NEWSWIRE) -- Cohen Milstein Sellers & Toll PLLC is conducting an investigation to determine whether Roadrunner Transportation Systems, Inc. (“Roadrunner” or the “Company”) and certain of its officers and directors made false and misleading statements and/or omissions in violation of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
A class action lawsuit was filed in the U.S. District Court for the Eastern District of New York by another law firm on behalf of purchasers of the common stock of Roadrunner Transportation Systems, Inc. (NYSE:RRTS) between July 30, 2015 and October 26, 2015, inclusive (the “Class Period”).
The complaint alleges that Roadrunner and certain of its officers and directors (“Defendants”) misrepresented and/or failed to disclose that: (1) the avian flu epidemic would have an adverse impact on Roadrunner’s financial condition; and (2) as a result, the Company’s statements about its business, operations, and prospects were materially false and misleading.
The claims in this case followed Roadrunner’s significant reduction of the third quarter revenue and earnings guidance that Defendants issued at the start of the Class Period, as well as the Company’s issuance of weaker-than-expected fourth quarter guidance, attributed in part to the avian flu epidemic. The price of Roadrunner shares fell from $17.67 to $9.34 on October 27, 2015, in extremely heavy trading.
Cohen Milstein encourages all investors who purchased Roadrunner common stock between July 30, 2015 and October 26, 2015 or former employees with information concerning this matter to contact the firm.
If you are a Roadrunner shareholder and would like to discuss your right to recover for your economic loss, you may, without any cost or obligation, call Cohen Milstein’s Managing Partner, Steven J. Toll at (888) 240-0775 or (202) 408-4600, or email him at stoll@cohenmilstein.com. If you wish to serve as lead plaintiff, you must move the Court no later than January 18, 2016, to request appointment. Any member of the proposed class may retain Cohen Milstein or other attorneys to serve as your counsel in this action, or you may do nothing and remain an absent class member.
Cohen Milstein has significant experience in prosecuting investor class actions and actions involving securities fraud, and is active in major litigation pending in federal and state courts throughout the nation. Cohen Milstein has taken a lead role in numerous important cases on behalf of defrauded investors, and has been responsible for a number of outstanding recoveries which, in the aggregate, total over two billion dollars. Prior results do not guarantee a similar outcome. For more information visit www.cohenmilstein.com.
If you have any questions about this notice or the action, or with regard to your rights, please contact either of the following:
Steven J. Toll, Esq.
Ryan Marchbank
Cohen Milstein Sellers & Toll PLLC
1100 New York Avenue, N.W.
Suite 500 East
Washington, D.C. 20005
Telephone: (888) 240-0775 or (202) 408-4600
Email: stoll@cohenmilstein.com; rmarchbank@cohenmilstein.com
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