An investigation on behalf of investors in NYSE:RRTS shares over potential securities laws violations by Roadrunner Transportation Systems and certain of its directors and officers was announced.
Investors who purchased shares of Roadrunner Transportation Systems Inc (NYSE:RRTS), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Roadrunner Transportation Systems Inc (NYSE:RRTS) concerning whether a series of statements by Roadrunner Transportation Systems regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On July 29, 2015, Roadrunner Transportation Systems Inc reported its second quarter 2015 results and announced its third quarter 2015 guidance. Among other things, Roadrunner Transportation Systems Inc announced that it expected diluted earnings per share to be between $0.43 and $0.47 for the third quarter of 2015.
On August 7, 2015, Roadrunner Transportation Systems Inc’s Chairman of the Board Scott Rued sold 2,000,000 Roadrunner Transportation Systems shares through various investment entities at $24.34 per share for proceeds of over $48,000,000.
On October 26, 2015, Roadrunner Transportation Systems Inc announced a revision to its guidance for the third quarter of 2015 and guidance for the fourth quarter of 2015. Roadrunner Transportation Systems Inc lowered its previously issued guidance for the third quarter of 2015 and announced that it expected diluted earnings per share to be between $0.14 and $0.17 per share. Shares of Roadrunner Transportation Systems Inc (NYSE:RRTS) declined to as low as $8.91 per share on October 27, 2015.
On November 3, 2015, NYSE:RRTS shares closed at $11.14 per share.
Those who purchased shares of Roadrunner Transportation Systems Inc (NYSE:RRTS) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com