SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces an Investigation Involving Possible Breaches of Fiduciary Duty by the Board of Swift Transportation Company -- SWFT

19 Feb, 2016, 13:13 ET from Levi & Korsinsky, LLP

NEW YORK, Feb. 19, 2016 /PRNewswire/ -- Levi & Korsinsky announces it has commenced an investigation of Swift Transportation Company (NYSE: SWFT) concerning possible breaches of fiduciary duty by the Company and/or certain of its officers and directors. 

After spending $100 million on share repurchases in November 2015 and January 2016, CEO Jerry Moyes announced that he would seek to have Swift spend an additional $200 million on share buybacks. This buyback would retire approximately 9% of Swift's stock, supporting its price and easing pressure on Moyes' margin loans—loans under which he pledged more than $600 million of his Swift holdings as collateral. To obtain additional information, go to:

http://zlk.9nl.com/swift-transportation-swft

or contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972.

Levi & Korsinsky is a national firm with offices in New York, New Jersey, California, Connecticut and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:     Levi & Korsinsky, LLP Eduard Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free:  (877) 363-5972 Fax: (866) 367-6510 www.zlk.com

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SOURCE Levi & Korsinsky, LLP



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