SAN FRANCISCO, Dec. 28, 2015 (GLOBE NEWSWIRE) -- Hagens Berman Sobol Shapiro LLP, a national investor-rights law firm, reminds investors with losses over $50,000 of the January 19, 2016 lead plaintiff deadline in the securities fraud class action lawsuit filed against Roadrunner Transportation Systems, Inc. (NYSE:RRTS).
If you suffered losses because of your purchase of Roadrunner securities between July 30, 2015 and October 26, 2015, contact Hagens Berman Partner Reed Kathrein, who is leading the firm’s investigation, by calling 510-725-3000, emailing RRTS@hbsslaw.com or visiting http://www.hbsslaw.com/cases/RRTS. The lawsuit was filed in the U.S. District Court for the Eastern District of New York and investors have until January 19, 2016 to move the court to act as lead plaintiff.
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. The share price has not recovered.
The complaint alleges that Roadrunner violated the securities laws because they failed to disclose the potential impact that the drought and the avian flu epidemic would have on their financial condition. As a result, the Company's statements about its business, operations, and prospects were materially false and misleading.
Whistleblowers: Persons with non-public information regarding Roadrunner should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new SEC whistleblower program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 510-725-3000 or email RRTS@hbsslaw.com.
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Contact: Reed Kathrein, 510-725-3000
Source:Hagens Berman Sobol Shapiro LLP