Roadrunner Investor Deadline Reminder: Hagens Berman Reminds Investors in Roadrunner Transportation Systems of the April 3, 2017 Lead Plaintiff Deadline

World News: . []

SAN FRANCISCO, March 20, 2017 (GLOBE NEWSWIRE) -- Hagens Berman Sobol Shapiro LLP reminds investors in Roadrunner Transportation Systems, Inc. (NYSE:RRTS) of the in the pending securities class action related to admissions that Roadrunner’s historical financial reports should not be relied on.

If you purchased or otherwise acquired securities of Roadrunner and suffered losses contact Hagens Berman Sobol Shapiro LLP.  For more information visit:

or contact Reed Kathrein, who is leading the firm’s investigation, by calling or emailing .

On January 30, 2017, Roadrunner announced that investors should not rely on the Company’s financial reports for the years ended December 31, 2014 and December 31, 2015, the financial reports for the 2014 and 2015 quarterly periods, or the financial reports for the quarters ended March 31, 2016, June 30, 2016 or September 30, 2016.

In addition, Roadrunner announced that investors should not rely on management’s report on internal controls as of December 31, 2015 or the associated auditor’s report.

Roadrunner explained it would record a goodwill impairment charge in the range of $175 million to $200 million and that the Company failed to record approximately $20 million to $25 million in expenses.

This news drove the price of Roadrunner shares down approximately 33% to close at $7.92 on January 31, 2017.

“We’re focused on when management knew of Roadrunner’s serious accounting problems and the damage inflicted on investors,” said Hagens Berman partner Reed Kathrein.

Contact:
Reed Kathrein, 510-725-3000

More news and information about Hagens Berman Sobol Shapiro LLP

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Globe Newswire: 13:30 GMT Monday 20th March 2017

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