StockNews.AI
LSTR
StockNews.AI
12 days

INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Landstar System, Inc. - LSTR

1. Landstar faces investigation for potential securities fraud. 2. Significant supply chain fraud may impact Q1 2025 EPS by $0.35-$0.50. 3. Company withdrew Q1 2025 earnings guidance after fraud disclosure. 4. Stock price dropped 8.75% on fraud news; further declined 3.52% on report delay. 5. Pomerantz LLP leading class action investigations on behalf of investors.

4 mins saved
Full Article

FAQ

Why Very Bearish?

The significant fraud revelation has caused sharp declines in stock prices historically, impacting investor confidence.

How important is it?

Securities fraud and failed earnings guidance pose dire risks to LSTR's valuation, significantly affecting stakeholder actions.

Why Short Term?

Immediate concerns over fraud and delayed reporting will directly affect upcoming quarterly results and investor sentiment.

Related Companies

UPSFDXCHRW
NEW YORK, April 29, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of  Landstar System, Inc.  (“Landstar” or the “Company”) (NASDAQ: LSTR). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980. The investigation concerns whether Landstar and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.  [Click here for information about joining the class action] On April 2, 2025, Landstar disclosed that it had “identified a significant supply chain fraud[,]” which “may adversely affect Landstar’s 2025 first quarter earnings per share in a range of $0.35 to $0.50.”  Accordingly, Landstar withdrew its previously issued first quarter 2025 earnings guidance.  On this news, Landstar’s stock price fell $13.30 per share, or 8.75%, to close at $138.63 per share on April 3, 2025.  Then, on April 25, 2025, Landstar disclosed that it would be unable to timely file its quarterly report, as the Company had not yet completed its ongoing evaluation of certain accounting and internal control matters related to the previously identified fraud.  On this news, Landstar’s stock price fell $4.92 per share, or 3.52%, to close at $135.00 per share on April 25, 2025. Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com. Attorney advertising. Prior results do not guarantee similar outcomes.    CONTACT:Danielle PeytonPomerantz LLPdpeyton@pomlaw.com646-581-9980 ext. 7980

Related News