Lawsuit for Investors in Roadrunner Transportation Systems Inc (NYSE:RRTS) Shares Announced by Shareholders Foundation

SAN DIEGO, CA / ACCESSWIRE / February 1, 2017 / The Shareholders Foundation, Inc. announces that a lawsuit was filed for certain purchasers of NYSE: RRTS shares against Roadrunner Transportation Systems Inc. over alleged Securities Laws Violations.

Investors who purchased shares of Roadrunner Transportation Systems Inc (NYSE: RRTS) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.

The plaintiff claims that the defendants made materially false and/or misleading statements and/or failed to disclose that Roadrunner Transportation Systems lacked effective internal controls over financial reporting, that Roadrunner Transportation Systems’ financial statements dating back to the beginning of 2014 overstated the estimated results of operations, that Roadrunner Transportation Systems’ financial statements contained errors relating to unrecorded expenses from unreconciled balance sheet accounts including cash, driver and other receivables, and linehaul and other driver payables, and that Roadrunner Transportation Systems’ financial statements dating back to the beginning of 2014 were not reliable.

On January 30, 2017, Roadrunner Transportation Systems Inc announced during after-hours trading that the following financial statements Roadrunner previously filed with the Securities and Exchange Commission should no longer be relied upon: (i) 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; (ii) 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; (iii) 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; (iv) 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 (v) 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. Additionally, Roadrunner Transportation Systems Inc identified multiple accounting errors that it estimates will require prior period adjustments to its results of operations of between $20 million and $25 million.

Those who purchased Roadrunner Transportation Systems Inc (NYSE: RRTS) shares should contact the Shareholders Foundation, Inc.

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

CONTACT:

Shareholders Foundation, Inc.

Michael Daniels

+1 (858) 779-1554

mail@shareholdersfoundation.com

3111 Camino Del Rio North

Suite 423

San Diego, CA 92108

SOURCE: Shareholders Foundation, Inc.

ReleaseID: 454026