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.
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