The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of XPO Logistics, Inc. (NYSE: XPO) who purchased shares between February 26, 2014 and December 12, 2018. The action, which was filed in the United States District Court for the District of Connecticut, alleges that the Company violated federal securities laws.
In particular, the XPO Logistics lawsuit alleges that (i) XPO’s highly touted aggressive M&A strategy had yielded only minimal returns to the Company; (ii) XPO was utilizing improper accounting practices to mask its true financial condition, including, inter alia, under-reporting of bad debts and aggressive amortization assumptions; and (iii) as a result, the Company’s public statements were materially false and misleading at all relevant times.
Shareholders have until February 12, 2019 to petition the court for lead plaintiff status. Your ability to share in any recovery does not require that you serve as lead plaintiff. You may choose to be an absent class member.
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