SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of YRC Worldwide Inc. (YRCW)
NEW YORK, Dec. 27, 2018 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers YRC Worldwide Inc. (“YRC” or the “Company”) (NASDAQ: YRCW). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm’s site: bgandg.com/yrcw.
The investigation concerns whether YRC Worldwide and certain of its officers and/or directors have violated federal securities laws.
On December 14, 2018, The Wall Street Journal reported that the United States Department of Justice had filed a complaint alleging that YRC Worldwide “made false statements to the government and defrauded the Department of Defense by inflating weight measurements on bills” from 2005 to at least 2013. Specifically, it is alleged that workers for the Company reweighed thousands of shipments and didn’t disclose the results when those weights came in under the original estimate. On this news, shares of YRC Worldwide stock fell $1.26 per share or over 28% to close at $3.17 per share on December 14, 2018.
If you are aware of any facts relating to this investigation, or purchased YRC Worldwide shares, you can assist this investigation by visiting the firm’s site: bgandg.com/yrcw. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:Bronstein, Gewirtz & Grossman, LLC Peretz Bronstein or Yael Hurwitz 212-697-6484 | firstname.lastname@example.org