INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against U.S. Xpress Enterprises, Inc. & Encoura...

Date : 11/08/2018 @ 10:05PM
Source : Business Wire
Stock : U.S. Xpress Enterprises Class A (USX)
Quote : 7.8646  0.4146 (5.57%) @ 10:33AM
U.S. Xpress Enterprises, Inc. share price Chart

INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against U.S. Xpress Enterprises, Inc. & Encoura...

U.S. Xpress Enterprises, Inc. (NYSE:USX)
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1 Month : From Oct 2018 to Nov 2018

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The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of U.S. Xpress Enterprises, Inc. (“U.S. Xpress” or “the Company”) (NYSE: USX) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. U.S. Xpress its third quarter 2018 financial results on November 1, 2018. The Company disclosed that certain trucking divisions negatively impacted by the fact that drivers had to be diverted to its dedicated division. The next day, the Company announced the appointment of a new CFO. Based on this news, shares of U.S. Xpress fell almost 30% on November 2, 2018.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall, or Sherin Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.

The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

The Schall Law FirmBrian Schall, Esq.Sherin Mahdavian, Esq.310-301-3335info@schallfirm.comwww.schallfirm.com

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