Landstar System, Inc. Investigated By The Portnoy Law Firm

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

Landstar's stock price fell $13.30, or 8.75%, to close at $138.63 per share on April 3, 2025, thereby injuring investors. This decline followed the Company's April 2, 2025, disclosure that it had“identified a significant supply chain fraud,” which was projected to“adversely affect Landstar's 2025 first quarter earnings per share in a range of $0.35 to $0.50.” Consequently, Landstar retracted its initial first quarter 2025 earnings guidance. Investors suffered additional injury on April 25, 2025, when shares dropped as much as $6.32, or 4.5%, during intraday trading. This second market reaction was triggered by the Company's announcement that it could not timely file its quarterly report because it had not yet finalized its review of internal control and accounting matters tied to the earlier fraud.

The Portnoy Law Firm represents investors in pursuing claims 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.
Admitted CA, NY and TX Bar
...
310-692-8883

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