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).
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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.
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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/
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