Investigation into Landstar System's Securities Fraud Continues: A Call to Affected Investors

Investigation of Securities Fraud at Landstar System, Inc.

The Law Offices of Frank R. Cruz are intensifying their investigation into Landstar System, Inc. (listed as LSTR on NASDAQ) due to concerns regarding possible violations of federal securities laws. Investors who believe they have suffered monetary losses in Landstar are being encouraged to reach out to the firm to explore the potential for recovering their losses.

Background of the Investigation

The investigation gained traction after Landstar announced on April 2, 2025, that it had identified a significant supply chain fraud. This revelation led the company to disclose that the fraud might significantly impact its earnings in the first quarter of 2025, predicting a decrease in earnings per share by $0.35 to $0.50. Consequently, Landstar retracted its previously issued earnings guidance for the first quarter of 2025.

Following this alarming update, Landstar's stock price saw a steep decline, plummeting by $13.30, or approximately 8.75%, and closing at $138.63 per share on April 3, 2025. This drop raised immediate concerns among investors, leading to a growing urgency for an investigation.

The situation worsened when, on April 25, 2025, the company announced its inability to file its quarterly report on time. This setback was attributed to their ongoing evaluation of certain critical accounting and internal control issues associated with the fraudulent activities they previously disclosed. This revelation further shook investor confidence, resulting in an additional decline in the stock price by $4.92, or about 3.5%, leading it to close at $135.00 per share on the same day.

What Affected Investors Should Do

The Law Offices of Frank R. Cruz are actively seeking to connect with individuals who purchased Landstar securities and believe they may have experienced financial losses due to these developments. If you have information or wish to learn more about potential claims, it's advisable to get in touch with the firm. They can provide clarification on your rights and options going forward.

You can reach the Law Offices of Frank R. Cruz at:

- Address: 2121 Avenue of the Stars, Suite 800, Century City, California 90067
- Phone: 310-914-5007
- Email: [email protected]
- Website: frankcruzlaw.com

In your inquiry, please include your mailing address, telephone number, and the number of shares you purchased to facilitate a comprehensive response.

Legal Disclaimer

This press release might be interpreted as Attorney Advertising in certain jurisdictions in accordance with applicable law and ethical guidelines.

In summary, the ongoing investigation into Landstar System's potential securities fraud is significant for investors who feel impacted by the company's recent financial revelations. It's essential for affected individuals to stay informed and consider pursuing their rights through legal channels as warranted.