Amazon Stock Rises as Meta Expands AWS Partnership for AI Infrastructure 
LG Innotek Stock Hits Record High on $68M Automotive Wi-Fi 7 Deal 
U.S. Sanctions Target Chinese Refinery Over Iranian Oil Purchases 
Intel Stock Surges as AI Chip Demand Drives Strong Q2 Forecast 
Brazil Blocks Prediction Market Platforms, Tightens Derivatives Trading Rules 
Microsoft Commits $18 Billion to Expand AI and Cloud Infrastructure in Australia 
Tesla Earnings Beat Expectations as EV Growth Holds Amid Robotics and AI Shift 
Elon Musk Signals Intel 14A Chips for Tesla’s Terafab AI Semiconductor Venture 
Florida Investigates OpenAI and ChatGPT Over Alleged Role in FSU Shooting 
SK Hynix to Invest $13 Billion in AI Chip Packaging Facility 
DeepSeek Launches V4 AI Models with Enhanced Reasoning and 1M Token Context Window 
SK Hynix Reports Record Q1 Profit Surge Driven by AI Memory Chip Demand 
$16B Michigan Data Center Project Boosts U.S. AI Infrastructure Expansion 
Mercedes-Benz Faces Rising Competition in China but Rejects Price War Strategy 
Hyundai Plans 20 New Models in China to Boost EV Strategy and Market Share 
Daiichi Sankyo Stock Drops After Earnings Delay and Oncology Review 
European Car Sales Surge in March as EV and Hybrid Demand Accelerates 
To: All persons or entities who purchased or otherwise acquired common shares of Roadrunner Transportation Systems, Inc. (NYSE:RRTS) ("Roadrunner") between May 2, 2013, and January 30, 2017, inclusive ("Class Period").
PHILADELPHIA, March 31, 2017 -- Barrack, Rodos & Bacine has commenced a securities class action titled Public Employees’ Retirement System of Mississippi v. Roadrunner Transportation Systems, Inc., et al., No. 2:17-cv-00474 in the United States District Court for the Eastern District of Wisconsin. A copy of the complaint is available here: http://www.barrack.com/node/453.
On January 30, 2017, following the close of the market, Roadrunner announced that certain "financial statements and associated reports" filed with the Securities and Exchange Commission "should no longer be relied upon." The complaint alleges that throughout the Class Period, Roadrunner and the other defendants named in the complaint made materially false and misleading statements and/or failed to disclose that Roadrunner: (a) improperly accounted for the goodwill assets acquired through the Company’s acquisition strategy; (b) improperly accounted for Company expenses; and (c) improperly accounted for existing balance sheet accounts. As a result of these and other alleged improper accounting transactions, during the Class Period Roadrunner’s reported expenses were materially understated, its assets were materially overstated, and its reported revenue and net income were materially inflated.
If you suffered a loss arising from your investment in Roadrunner common stock during the Class Period, you have until April 3, 2017, to file a motion with the Court seeking appointment as lead plaintiff. Your ability to share in any recovery does not require that you serve as a lead plaintiff.
If you have questions about this matter, please contact either Jeffrey A. Barrack, Esq. by email at [email protected] or by telephone at (215) 963-0600 or Samuel M. Ward, Esq. by email at [email protected], or by telephone at (619) 230-0800.
Barrack, Rodos & Bacine is a highly experienced securities litigation firm with offices in Philadelphia, PA, New York City, NY, and San Diego, CA. During its 40 years in existence, BR&B has recovered over ten billion dollars on behalf of victims of corporate fraud. Prior results do not guarantee similar outcomes.
