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Investigation announced for Long-Term Investors in shares of YRC Worldwide Inc. (NASDAQ: YRCW)

09-11-2019 06:51 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of investors in YRC Worldwide Inc. (NASDAQ: YRCW) shares over potential wrongdoing at YRC Worldwide Inc

An investigation on behalf of investors in YRC Worldwide Inc. (NASDAQ: YRCW) shares over potential wrongdoing at YRC Worldwide Inc

An investigation on behalf of current long-term investors in shares of YRC Worldwide Inc. (NASDAQ: YRCW) was announced over potential breaches of fiduciary duties by certain officers and directors at YRC Worldwide Inc. (NASDAQ: YRCW.

Investors who purchased shares of YRC Worldwide Inc. (NASDAQ: YRCW) and currently hold any of those YRC Worldwide Inc. (NASDAQ: YRCW shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain YRC Worldwide Inc. (NASDAQ: YRCW officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.

On January 2, 2019, a lawsuit was filed against YRC Worldwide Inc. over alleged violations of Federal Securities Laws. 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.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, 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, investigations, and/or settlements are not filed/initiated/reached and/or are not 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.

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