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Roadrunner Transportation reaches $20 million class action settlement

https://www.biztimes.com/2019/industries/law/roadrunner-transportation-reaches-20-million-class-action-settlement/
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Apr 15, 2019 5:11 AM 5+ day ago

Roadrunner Transportation reaches $20 million class action settlement

Roadrunner Transportation Systems Inc. has agreed to pay $20 million to settle a class action lawsuit alleging the company misled investors through inaccurate securities filings.

The deal offers those who bought shares of Roadrunner Transportation stock on the open market from March 14, 2013 to January 30, 2018 around 45 cents per share. After deductions for fees and expenses the average net recovery is expected to be around 37 cents per share.

The Downers Grove, Illinois-based logistics company said in early 2018 that increasing complexity brought on by a series of acquisitions and a lack of internal controls led it to overstate its profits by $66.5 million from 2011 through the third quarter of 2016. The company was based in Cudahy until mid-2017.

Three former company executives, including former CFO Peter Armbruster, have since been criminally charged in federal ...

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Roadrunner Transportation and lawyers for shareholders agree to $20 million settlement

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A class-action lawsuit was filed against Airbnbafter the online rental marketplace dropped all listings in Jewish communities in Judea and Samaria. The petition, submitted to the ...

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To ensure this doesn't happen in the future, please enable Javascript and cookies in your browser. ...

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