Block & Leviton LLP Investigates Roadrunner Transportation Systems, Inc. After Company Misses Guidance Following Chairman of the Board's Stock Sale

BOSTON, Oct. 27, 2015 /PRNewswire/ -- Shares in Roadrunner Transportation Systems, Inc. ("Roadrunner" or the "Company") (NYSE: RRTS) have plunged approximately 50% after it was announced that the company was issuing drastically reduced guidance regarding its diluted earnings per share.

In July 2015, Roadrunner stated that it expected its third-quarter "diluted earnings per share available to common shareholders … to be between $0.43 and $0.47. Shortly after issuing this guidance, Roadrunner's Chairman Scott Rued sold, through controlled investment vehicle Thayer Equity Investors, two million shares of the Company, reaping more than $48,000,000.

However, on October 26, 2015, the Company announced that it was dramatically reducing its third-quarter guidance to "be between $0.14 and $0.17" per share.  This news caused the price of Roadrunner's shares to plummet by almost 50%.  Roadrunner has lost approximately $350 million in market capitalization.  By selling his shares in August, 2015 after the Company issued bullish third-quarter guidance, Rued reaped $30 million more in stock sales than if he had sold after the updated guidance of October 26. 

Block & Leviton is investigating Roadrunner and certain of its officers and directors to determine whether any insiders at the Company personally profited improperly and whether shareholders were properly informed at all relevant times.

If you purchased Roadrunner stock on or before October 26, 2015 and have questions about your legal rights, or if you have information relevant to this investigation, please contact attorney Steven P. 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 P. Harte
(617) 398-5600
[email protected]

SOURCE Block & Leviton LLP

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