Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against Roadrunner Transportation Systems, Inc. (RRTS)

NEW YORK, Feb. 01, 2017 -- Gainey McKenna & Egleston announces that a class action lawsuit has been filed against Roadrunner Transportation Systems, Inc. (“Roadrunner” or the “Company”) (NYSE:RRTS) in the United States District Court for the Eastern District of Wisconsin on behalf of persons or entities who purchased or otherwise acquired Roadrunner stock between May 8, 2014 through January 30, 2017, inclusive (the “Class Period”), seeking to recover compensable damages caused by defendants’ violations of the Securities Exchange Act of 1934.

The Complaint alleges that Defendants made false and/or misleading statements and/or failed to disclose that: (1) Roadrunner lacked effective internal controls over financial reporting; (2) Roadrunner’s financial statements dating back to the beginning of 2014 overstated the estimated results of operations; (3) Roadrunner’s 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 (4) Roadrunner’s financial statements dating back to the beginning of 2014 were not reliable. When the true details entered the market, the lawsuit claims that investors suffered damages.

If you wish to serve as lead plaintiff, you must move the Court no later than April 3, 2017.  A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.  If you wish to join the litigation, or to discuss your rights or interests regarding this class action, please contact Thomas J. McKenna, Esq. or Gregory M. Egleston, Esq. of Gainey McKenna & Egleston at (212) 983-1300, or via e-mail at [email protected] or [email protected].

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