NEW YORK, Jan. 31, 2017 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Roadrunner Transportation Systems, Inc. ("Roadrunner" or the "Company") (NYSE: RRTS). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/rrts.
The investigation concerns whether Roadrunner and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On January 30, 2017, after-market hours, Roadrunner announced that its previous financial statements filed with the Securities and Exchange Commission should no longer be relied upon, including the following statements: (1) 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; (2) 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; (3) 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; (4) 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 (5) 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. Roadrunner also listed several accounting errors that it estimates will require prior period adjustments to its results of operations of between $20 million and $25 million. Following this news, Roadrunner stock dropped during after-hours trading on January 30, 2017.
If you are aware of any facts relating to this investigation, or purchased Roadrunner shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/rrts. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | [email protected]
SOURCE Bronstein, Gewirtz & Grossman, LLC
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