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NASDAQ: YRCW Shareholder Notice: Lawsuit Alleges Misleading Statements by YRC Worldwide Inc.

Via: ReleaseWire

Updated 10:25 AM CST, Wed, January 30,2019

A lawsuit was filed on behalf of investors in YRC Worldwide Inc. (NASDAQ: YRCW) shares over alleged securities laws violations.

San Diego, CA -- (SBWIRE) -- 01/30/2019 -- An investor, who purchased shares of YRC Worldwide Inc. (NASDAQ: YRCW), filed a lawsuit in the over alleged violations of Federal Securities Laws by YRC Worldwide Inc..

Investors who purchased shares of YRC Worldwide Inc. (NASDAQ: YRCW) have certain options and for certain investors are short and strict deadlines running. Deadline: March 4, 2019. NASDAQ: YRCW investors should contact the Shareholders Foundation at or call +1(858) 779 - 1554.

Overland Park, KS based YRC Worldwide Inc., through its subsidiaries, provides various transportation services primarily in North America. On December 14, 2018, the U.S. Department of Justice ("DOJ") announced that it had filed a complaint against YRC Worldwide Inc. entities for "systematically overcharg[ing] the government for freight carrier services and ma[king] false statements to the government that hid their misconduct." That same day, The Wall Street Journal reported on the DOJ's lawsuit against YRC Worldwide Inc's units over military shipments from 2005 to at least 2013. Shares of YRC Worldwide Inc. (NASDAQ: YRCW) declined to as low as $2.41 per share on December 26, 2018.

The plaintiff claims that between March 10, 2014 and December 14, 2018, 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.

About Shareholders Foundation, Inc.
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.

Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739

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