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Deadline on July 20th coming up in Lawsuit filed for Investors in shares of Ryder System, Inc. (NYSE: R)

07-03-2020 04:02 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

A Deadline is coming up on July 20, 2020 in the lawsuit for certain investors in Ryder System, Inc. (NYSE: R).

A Deadline is coming up on July 20, 2020 in the lawsuit for certain investors in Ryder System, Inc. (NYSE: R).

A deadline is coming up on July 20, 2020 in the lawsuit filed for certain investors of Ryder System, Inc. (NYSE: R) over alleged securities laws violations by Ryder System, Inc. (NYSE: R).

Investors who purchased shares of Ryder System, Inc. (NYSE: R) have certain options and there are strict and short deadlines running. Deadline: July 20, 2020. NYSE: R stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint filed in the U.S. District Court for the Southern District of Florida the plaintiff alleges on behalf of purchasers of Ryder System, Inc. (NYSE: R) common shares between July 23, 2015, and February 13, 2020, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between July 23, 2015, and February 13, 2020, the Defendants inflated Ryder's financial results by systematically overstating the residual value of its trucking fleet, that while Ryder repeatedly increased the expected residual values of its trucks, the actual amount Ryder was receiving from sales of used trucks had started to decline beginning in 2015, that nevertheless, the Company assured investors that it had been "conservative" in establishing the residual values of trucks in its fleet and "[w]e don't have a situation where we've got a bunch of vehicles that are at high residual values [and] have to be written down", and that as a result of Defendants' misrepresentations, shares of Ryder's common stock traded at artificially inflated prices between July 23, 2015, and February 13, 2020.

Those who purchased shares of Ryder System, Inc. (NYSE: R) 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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