Glancy Prongay & Murray LLP Announces Investigation on Behalf of U.S. Xpress Enterprises, Inc. Investors
LOS ANGELES--(BUSINESS WIRE)--Nov 13, 2018--Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of U.S. Xpress Enterprises, Inc. (“U.S. Xpress” or the “Company”) (NYSE: USX ) investors concerning the Company and its officers’ possible violations of federal securities laws.
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On November 1, 2018, U.S. Xpress announced its third quarter 2018 financial results. Therein, the Company reported that utilization in certain trucking divisions was negatively impacted because the Company’s over the road division was required to provide drivers to its dedicated division. Then, on November 2, 2018, U.S. Xpress revealed that it was retaining a new Chief Operating Officer. On this news, U.S. Xpress’s share price fell $3.04 per share, or nearly 30%, to close at $7.10 on November 2, 2018, thereby injuring investors.
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If you purchased U.S. Xpress, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to email@example.com, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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View source version on businesswire.com:https://www.businesswire.com/news/home/20181113006228/en/
CONTACT: Glancy Prongay & Murray LLP, Los Angeles/New York
Lesley Portnoy, 310-201-9150 or 888-773-9224
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL
SOURCE: Glancy Prongay & Murray LLP
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PUB: 11/13/2018 05:15 PM/DISC: 11/13/2018 05:15 PM