Landstar System, Inc. Company Investigated By The Portnoy Law Firm

2025-04-29 06:16:08

(MENAFN- GlobeNewsWire - Nasdaq) Investors can contact the law firm at no cost to learn more about recovering their losses

LOS ANGELES, April 29, 2025 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Landstar System, Inc. (“Landstar” or“the Company”) (NASDAQ: LSTR) investors that the firm has initiated an investigation into possible securities fraud and may file a class action on behalf of investors. Landstar investors that lost money on their investment are encouraged to contact Lesley Portnoy, Esq.

Investors are encouraged to contact attorney Lesley F. Portnoy , by phone 310-692-8883 or email : ... , to discuss their legal rights, or click here to join the case. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors' options for pursuing claims to recover their losses.

On April 2, 2025, Landstar announced that it had identified a significant instance of supply chain fraud. The company stated that this issue could negatively impact its earnings per share for the first quarter of 2025 by approximately $0.35 to $0.50. In light of this development, Landstar withdrew its previously issued earnings guidance for the quarter.

Following this announcement, the company's stock price declined by $13.30, or approximately 8.75%, closing at $138.63 per share on April 3, 2025, resulting in losses for investors.

Subsequently, on April 25, 2025, Landstar disclosed that it would be unable to file its quarterly report on time due to an ongoing review of accounting and internal control issues associated with the previously disclosed fraud.

This additional disclosure led to a further decline in the company's stock price, which dropped by as much as $6.32, or 4.5%, during intraday trading on April 25, 2025, compounding investor losses.

Please visit our website to review more information and submit your transaction information.

The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm's founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.

Lesley F. Portnoy, Esq.
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310-692-8883

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