HENDERSONVILLE, TN / ACCESSWIRE / September 16, 2019 / The Law Offices of Timothy L. Miles, who has been leading the fight to protect shareholder rights for over 18 years, announces that that purchasers of YRC Worldwide Inc. (YRCW) filed a class action complaint against the company's officers and directors for alleged violations of the Securities Exchange Act of 1934 between March 10, 2014 and December 14, 2018. YRC Worldwide Inc. is a holding company that, through its operating subsidiaries, offers its customers a wide range of transportation services.
YRC Worldwide Inc. (YRCW) Accused of Defrauding Government
According to the complaint, YRC made false and misleading statements to the market from 2014 to 2018. On December 14, 2018, the Justice Department issued a press release revealing that it had filed a complaint against YRC for systematically overcharging the government. That same day, the Wall Street Journal reported on the lawsuit against YRC's units over military shipments from 2005 to at least 2013, stating that YRC had overcharged the Pentagon millions of dollars for shipping over several years and defrauded the Department of Defense by inflating weight measurements on bills. On this news, YRC stock declined drastically and currently trades at around $4.34, a more than 85% decline from its class period high of $28.11.
The Law Offices of Timothy L. Miles Encourages YRC Shareholders to Contact the Firm
If you purchased YRC securities, have information, or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Timothy L. Miles, Esquire, at 615-587-7384, Toll-Free at 855-846-6529, or by email to firstname.lastname@example.org. If you inquire by email please include your mailing address, telephone number, and the number shares purchased.
About Timothy L. Miles
Timothy L. Miles is a nationally recognized shareholder rights attorney raised in Nashville, Tennessee. Mr. Miles was recentely selected as a 2019 Elite Lawyer of The South by Martindale-Hubbell® and ALM, and was also recently named as a recipient of the Lifetime Achievement Award by Premier Lawyers of America, a prestigious, invitation-only organization which recognizes the best lawyers in America. Mr Miles maintains the AV Preeminent Rating by Martindale-Hubbell®, their highest rating for both legal ability and ethics and is a member of the prestigious Top 100 Civil Plaintiff Trial Lawyers: The National Trial Lawyers Association, maintains a superb rated attorney by Avvo, and was recognized as a Distinguished Lawyer, Recognizing Excellence in Securities Law, by Lawyers of Distinction (2019). Awards: 2019 Elite Lawyer of The South by Martindale-Hubbell® and ALM (2019); Member of the Top 100 Civil Plaintiff Trial Lawyers: The National Trial Lawyers Association (2017-2019); AV® Preeminent™ Rating by Martindale-Hubble® (2014-2019); PRR AV Preeminent Rating on Lawyers.com (2017 & 2019); The Top-Rated Lawyer in Litigation™ for Ethical Standards and Legal Ability (Martindale-Hubble® 2015); Distinguished Lawyer, Recognizing Excellence in Securities Law, Lawyers of Distinction (2019); Superb Rated Attorney (Avvo); Avvo Top Rated Lawyer for 2017 & 2018 (Avvo).
SOURCE: The Law Offices of Timothy L. Miles
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