NEW ORLEANS–(BUSINESS WIRE)–lt;a href=”https://twitter.com/search?q=%24XPO&src=ctag” target=”_blank”gt;$XPOlt;/agt; lt;a href=”https://twitter.com/hashtag/XPO?src=hash” target=”_blank”gt;#XPOlt;/agt;–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
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.
Lewis Kahn, 844-367-9658