NEW YORK, Feb. 13, 2017 /PRNewswire/ -- Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a boutique securities firm headquartered at the Empire State Building in New York City, announces that class action lawsuits have been filed in the U.S. District Court for the Eastern District of Wisconsin against Roadrunner Transportation Systems, Inc. (RRTS) ("Roadrunner" or the "Company") on behalf of purchasers of the Company's securities between May 8, 2014 and January 30, 2017, inclusive (the "Class Period").
The class action cases allege that the Company and its executives violated federal securities laws by failing to maintain proper accounting procedures, which came to light on January 30, 2017. The errors include 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.
Mr. Monteverde is admitted to appear before the Eastern District of Wisconsin and would like to personally discuss with you how to potentially recover your monetary losses if incurred during the Class Period.
If you wish to serve as lead plaintiff, you must move the Court no later than April 3, 2017. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.
Click here for more information: www.monteverdelaw.com/investigations. It is free and there is no cost or obligation to you.
Monteverde & Associates PC is a boutique class action securities and consumer litigation law firm committed that has recovered millions of dollars and is committed to protecting shareholders and consumers from corporate wrongdoing. Monteverde & Associates PC lawyers have significant experience litigating Mergers & Acquisitions and Securities Class Actions, whereby they protect investors by recovering money and remedying corporate misconduct.
Juan E. Monteverde, Esq.
MONTEVERDE & ASSOCIATES PC
The Empire State Building
350 Fifth Ave. 59th Floor
New York, NY 10118
United States of America
Tel: (212) 971-1341
Attorney Advertising. (C) 2017 Monteverde & Associates PC. Prior results do not guarantee a similar outcome with respect to any future matter.
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SOURCE Monteverde & Associates PC