The Wagner Firm announces the filing of a class action lawsuit on behalf of investors of Roadrunner Transportation Systems, Inc. ("Roadrunner" or the "Company") (NYSE: RRTS) who purchased shares between July 30, 2015 and October 26, 2015, inclusive (the "Class Period"). Injured investors are encouraged to contact Avi Wagner, Esquire, of The Wagner Firm, at 310-201-9150 to discuss their legal rights.
On October 26, 2015, after the market closed, the Company announced that it was lowering its third quarter diluted earnings guidance to between $0.14 and $0.17 per share. On this news, Roadrunner shares plummeted by as much as $8.07, or more than 45%, to $9.60 per share during intra-day trading on October 27, 2015, thereby injuring investors.
The complaint alleges that Roadrunner made materially false and misleading statements and/or failed to announce that: (1) the avian flu epidemic would have a negative impact on Roadrunners’ financial condition; and (2) as a result the Company’s statements about its business, operations, and prospects were substantially false and misleading.
Roadrunner investors have until January 19, 2016 to move the Court to appoint you as lead plaintiff if you meet certain legal requirements. If you have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Avi Wagner, Esquire, of The Wagner Firm, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, at (310) 491-7949, by e-mail at info@thewagnerfirm.com, or visit our website at http://thewagnerfirm.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160115005942/en/
Contacts:
Avi Wagner, 310-491-7949
info@thewagnerfirm.com
www.thewagnerfirm.com
