NEW YORK, NY - May 1, 2025 (NEWMEDIAWIRE) - Kaplan Fox & Kilsheimer LLP is investigating potential securities violations against Landstar System, Inc. (“Landstar” or the “Company”) (NASDAQ: LSTR).
CLICK HERE TO RECEIVE MORE INFORMATION ABOUT THIS INVESTIGATION
If you are a Landstar investor and have suffered losses, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing pmayer@kaplanfox.com or by calling (646) 315-9003.
On April 2, 2025, after markets closed, Landstar disclosed in a filing with the Securities and Exchange Commission that it “identified a significant supply chain fraud that remains under investigation.” The Company also disclosed that the fraud “may adversely affect Landstar’s 2025 first quarter earnings per share in a range of $0.35 to $0.50 . . . .”
Following this news, the price of Landstar stock 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 in a press release it was rescheduling the release of the Company’s 2025 first quarter earnings and delaying the filing of its quarterly report on Form 10-Q until May 13, 2025 “relate[d] to the ongoing evaluation of certain accounting and internal control matters in connection with the previously referenced fraud matter.”
Following this news, the price of Landstar stock fell $4.92 per share, or 3.5%, to close at $135.00 per share on April 25, 2025.
WHY CONTACT KAPLAN FOX - Kaplan Fox is a leading national law firm focusing on complex litigation with offices in New York, Oakland, Los Angeles, Chicago and New Jersey. With over 50 years of experience in securities litigation, Kaplan Fox offers the professional experience and track record that clients demand. Through prosecuting cases on the federal and state levels, Kaplan Fox has successfully shaped the law through winning many important decisions on behalf of our clients. For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.kaplanfox.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
If you have any questions about this investigation, please contact:
CONTACT:
Pamela A. Mayer
KAPLAN FOX & KILSHEIMER LLP
800 Third Avenue, 38th Floor
New York, New York 10022
(646) 315-9003
pmayer@kaplanfox.com
Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1560
Oakland, California 94612
(415) 772-4704
lking@kaplanfox.com
Contacting or submitting information to Kaplan Fox & Kilsheimer LLP does not create an attorney-client relationship, nor an obligation on the part of Kaplan Fox to retain you as a client.
https://www.kaplanfox.com/case/landstar-system-inc/
View the original release on www.newmediawire.com
