Law Offices of Howard G. Smith announces an investigation on behalf of Landstar System, Inc. (“Landstar” or the “Company”) (NASDAQ: LSTR) investors concerning the Company’s possible violations of federal securities laws.
IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN LANDSTAR (LSTR), CONTACT THE LAW OFFICES OF HOWARD G. SMITH ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS.
Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at howardsmith@howardsmithlaw.com, by telephone at (215) 638-4847 or visit our website at www.howardsmithlaw.com.
What Happened?
On April 2, 2025, Landstar disclosed that it had “identified a significant supply chain fraud.” The Company disclosed “this fraud may adversely affect Landstar’s 2025 first quarter earnings per share in a range of $0.35 to $0.50.” As a result, Landstar withdrew its previously issued first quarter 2025 earnings guidance.
On this news, Landstar’s stock price fell $13.30, or 8.75%, to close at $138.63 per share on April 3, 2025, thereby injuring investors.
Then, on April 25, 2025, Landstar disclosed it would be unable to timely file its quarterly report as it had not yet completed its ongoing evaluation of certain accounting and internal control matters related to the previously identified fraud.
On this news, Landstar’s stock price fell as much as $6.32, or 4.5%, during intraday trading on April 25, 2025, thereby injuring investors further.
Contact Us to Participate or Learn More:
If you purchased Landstar 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 us:
Law Offices of Howard G. Smith
3070 Bristol Pike, Suite 112
Bensalem, Pennsylvania 19020
Telephone: (215) 638-4847
Email: howardsmith@howardsmithlaw.com
Visit our website at: www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250425197354/en/
Contacts
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com
