NEW YORK, Jan. 31, 2017 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at Roadrunner Transportation Systems, Inc. ("Roadrunner" or the "Company") (NYSE:RRTS).
The investigation focuses on whether the Company and its executives violated federal securities laws by failing to maintain proper accounting procedures.
Specifically, after market-close on January 30, 2017, Roadrunner announced that, after commencing an investigation on November 2016, it had identified accounting discrepancies at its Morgan Southern and Bruenger operating subsidiaries. The errors principally relate to unrecorded expenses from unreconciled balance sheet accounts including cash, driver and other receivables, and linehaul and other driver payables. The Company anticipates prior period adjustments to results of operations of between $20 million and $25 million.
Request more information now by clicking here: www.faruqilaw.com/RRTS There is no cost or obligation to you.
Take Action
If you invested in Roadrunner stock or options and would like to discuss your legal rights, visit www.faruqilaw.com/RRTS. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to [email protected]. Faruqi & Faruqi, LLP also encourages anyone with information regarding Roadrunner's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
FARUQI & FARUQI, LLP
685 Third Avenue, 26th Floor
New York, NY 10017
Attn: Richard Gonnello, Esq.
[email protected]
Telephone: (877) 247-4292 or (212) 983-9330
SOURCE Faruqi & Faruqi, LLP
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