An investigation on behalf of current long term investors in XPO Logistics, Inc. (NYSE: XPO) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 03/27/2019 -- An investigation was announced for long-term investors in shares of XPO Logistics, Inc. (NYSE: XPO) concerning potential breaches of fiduciary duties by certain directors of XPO Logistics, Inc.
Investors who are current long term investors in XPO Logistics, Inc. (NYSE: XPO) 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: XPO stocks follows a lawsuit filed against XPO Logistics, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: XPO stocks, concerns whether certain XPO Logistics, Inc directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that the defendants made false and/or misleading statements and/or failed to disclose that XPO Logistics' highly touted aggressive M&A strategy had yielded only minimal returns to the Company, that XPO Logistics, Inc. was utilizing improper accounting practices to mask its true financial condition, including, inter alia, under-reporting of bad debts and aggressive amortization assumptions, and that XPO Logistics, Inc. as a result, the Company's public statements were materially false and misleading at all relevant times.
Those who purchased shares of XPO Logistics, Inc. (NYSE: XPO) 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.