Block & Leviton LLP Investigates Roadrunner Transportation Systems, Inc. After Announcement of Accounting Errors At the Company

BOSTON, Jan. 31, 2017 /PRNewswire/ -- Shares in Roadrunner Transportation Systems, Inc. ("Roadrunner" or the "Company") (NYSE:  RRTS) plunged approximately 30% after the Company announced that it identified millions of dollars in accounting errors.

On January 30, 2017, after the markets closed, Roadrunner announced that its audit committee met and concluded that certain of the Company's financial statements and associated reports of Roadrunner's independent registered public accounting firm, Deloitte & Touch LLP should no longer be relied upon.

Specifically, the Company stated that press releases, investor presentations, and other communication related to the following should no longer be relied upon.

• the audited consolidated financial statements and unaudited quarterly information included in Roadrunner's Annual Report on Form 10-K for the year ended December 31, 2014;
• the unaudited condensed consolidated financial statements included in Roadrunner's Quarterly Reports on Form 10-Q for the quarters ended March 31, 2014, June 30, 2014, and September 30, 2014;
• the audited consolidated financial statements and unaudited quarterly information included in Roadrunner's Annual Report on Form 10-K for the year ended December 31, 2015;
• the unaudited condensed consolidated financial statements included in Roadrunner's Quarterly Reports on Form 10-Q for the quarters ended March 31, 2015, June 30, 2015, and September 30, 2015; and
• the unaudited condensed consolidated financial statements included in Roadrunner's Quarterly Reports on Form 10-Q for the quarters ended March 31, 2016, June 30, 2016 and September 30, 2016.

Block & Leviton is investigating Roadrunner and certain of its officers and directors to determine whether the federal securities were violated, to the harm of shareholders.

If you purchased Roadrunner stock on or before January 29, 2017 and have questions about your legal rights, or if you have information relevant to this investigation, please contact attorney Steven Harte of Block & Leviton LLP at (617) 398-5600 or at [email protected].  Confidentiality for any whistleblowers or other persons with information relevant to the investigation is assured.

Block & Leviton is a Boston-based law firm representing investors for violations of securities laws as well as whistleblowing employees who provide information about their employers' violations of law.  The firm's lawyers have collectively been prosecuting securities cases on behalf of investors for over 70 years.

This notice may constitute attorney advertising.       

Contact:         
BLOCK & LEVITON LLP
Steven Harte
(617) 398-5600
[email protected]

SOURCE Block & Leviton LLP

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