An investigation on behalf of current long-term investors in shares of YRC Worldwide Inc. (NASDAQ: YRCW) concerning potential breaches of fiduciary duties by certain directors and officers of YRC Worldwide Inc. was announced.
Investors who are current long term investors in YRC Worldwide Inc. (NASDAQ: YRCW) shares, have certain options and should contact the Shareholders Foundation at [email protected] or call +1(858) 779 – 1554.
The investigation by a law firm for current long term investors in NASDAQ: YRCW stocks follows a lawsuit filed against YRC Worldwide Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: YRCW stocks, concerns whether certain YRC Worldwide directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Northern District of New York the plaintiff alleges that the Defendants made false and/or misleading statements and/or failed to disclose that from 2005 to at least 2013, YRC’s units systematically overcharged the federal government for freight carrier services, that this alleged misconduct caused the Department of Defense to overpay by millions of dollars for shipments that were lighter, and thus cheaper, than the weights for which the government was charged, that consequently, this alleged misconduct would subject YRC to enhanced government scrutiny and liabilities, including potentially owing treble damages under the False Claims Act, and that as a result, YRC’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
Those who purchased shares of YRC Worldwide Inc. (NASDAQ: YRCW) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
92108 San Diego
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.