INVESTIGATION ALERT: Rigrodsky & Long, P.A. Announces Commencement of an Investigation of Roadrunner Transportation Systems, Inc. for Possible Violations of Federal Securities Laws

WILMINGTON, Del., Oct. 27, 2015 /PRNewswire/ -- Rigrodsky & Long, P.A.:

- Do you own shares of Roadrunner Transportation Systems, Inc. (NYSE: RRTS)?

- Did you lose money in your investment?

Rigrodsky & Long, P.A. announces that it has commenced an investigation of Roadrunner Transportation Systems, Inc. ("Roadrunner" or the "Company") for possible violations of the federal securities laws by the Company and certain of its officers and directors. 

On July 29, 2015, Roadrunner issued the following third quarter 2015 earnings guidance:  "We expect diluted earnings per share available to common stockholders, excluding acquisition transaction expenses, to be between $0.43 and $0.47."  On August 7, 2015, the Company's Chairman of the Board, Scott Rued, sold 2,000,000 Roadrunner shares at $24.34 per share for proceeds in excess of $48,000,000. 

After the market closed on October 26, 2015, the Company reduced its third quarter guidance by more than 60%, announcing that it expected diluted earnings per share, excluding transaction expenses, to be between $0.14 and $0.17 per share.  During the next day, October 27, 2015, Roadrunner stock dropped more than 45%, to less than $10.00 per share in intra-day trading.

If you purchased shares of Roadrunner and wish to discuss this investigation, please contact Timothy J. MacFall, Esquire or Peter Allocco of Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803 at (888) 969-4242; by e-mail at [email protected]; or at: http://rigrodskylong.com/investigations/roadrunner-transportation-rrts.

Attorney advertising.  Prior results do not guarantee a similar outcome.

CONTACT: 

Rigrodsky & Long, P.A.
Timothy J. MacFall, Esquire
Peter Allocco
(888) 969-4242
(516) 683-3516
Fax: (302) 654-7530
[email protected]
http://www.rigrodskylong.com

SOURCE Rigrodsky & Long, P.A.

Related Links

http://www.rigrodskylong.com