#USA #New York #Securities Fraud #Pomerantz LLP #Landstar System

Pomerantz Law Firm Investigates Claims on Behalf of Investors of Landstar System, Inc.

Pomerantz LLP, a prominent law firm known for its work in corporate and securities class litigation, has announced an investigation concerning potential securities fraud involving Landstar System, Inc. (NASDAQ: LSTR). The firm is urging affected investors to come forward and share their experiences.

In early April 2025, Landstar disclosed significant issues regarding supply chain fraud that could severely impact its financial standing, with potential earnings per share adjustments ranging between $0.35 to $0.50 for Q1 2025. Following this announcement, the company retracted its previously issued earnings guidance for the first quarter, which sent shockwaves through the investing community.

On April 3, 2025, Landstar's stock price plummeted by $13.30 per share, marking an 8.75% drop, closing at $138.63. This decline was a direct reaction to the alarming revelation of the supply chain fraud, raising concerns about the integrity of its financial reporting and overall business practices.

As if this was not enough, Landstar followed up on April 25, 2025, with another announcement that it could not meet the deadline for filing its quarterly report—an indication that their internal review of accounting and control matters related to the fraud was still ongoing. This further compounded the uncertainty surrounding the company's financial health, resulting in another drop in stock price by $4.92 per share, or 3.52%, closing at $135.00 on that date.

Pomerantz LLP has long been recognized for its commitment to protecting investors and holding corporations accountable for actions that undermine shareholder rights.

Founded over 85 years ago by Abraham L. Pomerantz, the firm has established itself as a leader in class action litigation, especially in cases of securities fraud and breaches of fiduciary duty. The firm’s work has resulted in numerous multimillion-dollar recoveries for class members, reinforcing their reputation in the legal arena.

Investors with questions or who require more information regarding this investigation are encouraged to contact Danielle Peyton at Pomerantz via email or by phone. The law firm emphasizes this is not a solicitation but rather a call for individuals who feel wronged by the company and its governance to connect with them.

This investigation adds to a growing list of scrutiny faced by Landstar and may represent a clear signal to investors about the potential hidden risks within their operations.

For now, those who have invested in Landstar System, Inc. should stay informed and consider their options regarding this developing situation. Investors may also explore their rights to potentially join any class-action suits that could arise as a result of this investigation.

Stay tuned for updates from Pomerantz LLP as more information comes to light regarding this matter. Investors are urged to remain vigilant as the case unfolds and to seek professional advice if necessary.