SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Files Class Action Suit Against Swift Transportation Company

WILMINGTON, Del., June 20, 2017 -- Rigrodsky & Long, P.A.:

Rigrodsky & Long, P.A. announces that it has filed a class action complaint in the United States District Court for the District of Arizona on behalf of holders of Swift Transportation Company (“Swift”) (NYSE:SWFT) common stock in connection with the proposed transaction pursuant to which Swift and Bishop Merger Sub, Inc. (“Merger Sub”) will be combined with Knight Transportation, Inc. (“Knight”), announced on April 10, 2017 (the “Complaint”).  The Complaint, which alleges violations of the Securities Exchange Act of 1934 against Swift, its Board of Directors (the “Board”), and Knight, is captioned Sciabacucchi v. Swift Transportation Company, Case No. 2:17-cv-01683-JZB (D. Ariz.).

If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact plaintiff’s counsel, Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242, by e-mail at [email protected], or at http://rigrodskylong.com/contact-us/. 

On April 9, 2017, Swift entered into an agreement and plan of merger (the “Merger Agreement”) with Knight.  Pursuant to the Merger Agreement, shareholders of Swift will receive 0.72 shares of Knight for each share of Swift common stock (the “Proposed Transaction”).

Among other things, the Complaint alleges that, in an attempt to secure shareholder support for the Proposed Transaction, defendants issued materially incomplete disclosures in a registration statement (the “Registration Statement”) filed with the United States Securities and Exchange Commission on May 24, 2017.  The Complaint alleges that the Registration Statement, which recommends that Swift stockholders vote in favor of the Proposed Transaction, omits material information necessary to enable shareholders to make an informed decision as to how to vote on the Proposed Transaction, including material information with respect to Swift’s financial projections and potential conflicts of interest.  The Complaint seeks injunctive and equitable relief and damages on behalf of holders of Swift common stock. 

If you wish to serve as lead plaintiff, you must move the Court no later than August 21, 2017.  A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.  Any member of the proposed 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.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities fraud, shareholder corporate, and shareholder derivative litigation on behalf of shareholders in state and federal courts throughout the United States.

Attorney advertising.  Prior results do not guarantee a similar outcome.

CONTACT:

Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
(888) 969-4242
(302) 295-5310
Fax: (302) 654-7530
[email protected] 
http://www.rigrodskylong.com