XPO LOGISTICS 24 HOUR DEADLINE ALERT: Approximately 24 Hours Remain; ClaimsFiler Reminds Investors with Losses in Excess of $100,000 of Deadline in Class Action Lawsuit Against XPO Logistics, Inc. - XPO
NEW ORLEANS--(BUSINESS WIRE)--Feb 11, 2019--ClaimsFiler, a FREE shareholder information service, reminds investors that they have only until February 12, 2019 to file lead plaintiff applications in a securities class action lawsuit against XPO Logistics, Inc. (NYSE: XPO). Investor losses must relate to purchases of the securities between February 26, 2014, and December 13, 2018. This action is pending in the United States District Court for the Southern District of New York.
XPO investors should visit us at https://www.claimsfiler.com/cases/view-xpo-logistics-inc-securities-litigation or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.
About the Lawsuit
On December 13, 2018, Spruce Point Capital reported that its investigation into XPO revealed “concrete evidence to suggest dubious tax accounting, under-reporting of bad debts, phantom income through unaccountable M&A earn-out liabilities, and aggressive amortization assumptions: all designed to portray glowing ‘Non-GAAP’ results” and “financial irregularities [covering] growing financial strain.”
On this news, the price of XPO’s shares plummeted $15.77 per share, or 26.17%.
The first case filed is Labul v. Xpo Logistics, Inc., 18-cv-02062.
ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.
To learn more about ClaimsFiler, visit www.claimsfiler.com.
View source version on businesswire.com:https://www.businesswire.com/news/home/20190211005684/en/
Lewis Kahn, 844-367-9658
KEYWORD: UNITED STATES NORTH AMERICA LOUISIANA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL
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PUB: 02/11/2019 10:50 PM/DISC: 02/11/2019 10:50 PM