The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the United States District Court for the District of Connecticut on behalf of investors who purchased XPO Logistics, Inc. (NYSE: XPO) securities between February 26, 2014 and December 12, 2018.
According to the XPO Logistics lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose 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.
If you suffered a loss in XPO Logistics you have until February 12, 2019 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
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