YRC Worldwide Inc.
| Company Name | YRC Worldwide Inc. |
| Stock Symbol | YRCW |
| Class Period | March 10, 2014 to December 14, 2018 |
| Lead Plaintiff Motion Deadline | March 04, 2019 |
On December 14, 2018, The Wall Street Journal reported that the U.S. Department of Justice had filed a complaint alleging that YRC “made false statements to the government and defrauded the Department of Defense by inflating measurements on bills” from 2005 to 2013. On this news, shares of YRC Worldwide fell $1.26 per share or over 28% to close at $3.17 on December 14, 2018, thereby injuring investors.
The Complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements and/or failed to disclose that: (1) from 2005 to at least 2013, YRC’s units systematically overcharged the federal government for freight carrier services; (2) 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; (3) consequently, this alleged misconduct would subject YRC to enhanced government scrutiny and liabilities, including potentially owing treble damages under the False Claims Act; and (4) as a result, YRC’s public statements were materially false and misleading at all relevant times.
Submit Your Information
If you suffered a loss on your YRC Worldwide Inc. investments or would like to inquire about joining an action to recover your loss under the federal securities laws, please complete the form below. Please note that submission of this form does not by itself form an attorney-client relationship nor does filing out this form mean you have joined any lawsuit.