An investigation on behalf of current long term investors in Ryder System, Inc. (NYSE:R) shares over possible breaches of fiduciary duty by certain officers and directors was announced and NYSE: R stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 09/16/2020 -- Certain directors of Ryder System, Inc. are under investigation concerning potential breaches of fiduciary duties.
Investors who are current long term investors in Ryder System, Inc. (NYSE: R) 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 for investors in NYSE: R stocks follows a lawsuit filed against Ryder System, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: R stocks, concerns whether certain Ryder System directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that 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.
Contact:
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
mail@shareholdersfoundation.com
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.