#United States #New York #Pomerantz #Landstar System #LSTR

Investor Alert: Pomerantz Law Firm's Investigation into Landstar System, Inc.

Pomerantz LLP has announced an investigation aimed at uncovering details related to allegations against Landstar System, Inc. (NASDAQ: LSTR) that have emerged in recent weeks. The investigation seeks to address concerns among investors who may have been affected by the company’s alleged misconduct, including potential securities fraud orchestrated by certain officers and directors within the organization.

Background of the Investigation

On April 2, 2025, Landstar shocked investors by disclosing a significant instance of supply chain fraud, suggesting that this revelation could lead to a dramatic decline in its earnings for the first quarter of 2025. The company projected a decline in its earnings per share within the range of $0.35 to $0.50, prompting an immediate withdrawal of its previously provided financial forecasts for that quarter. This news had an immediate and negative impact on Landstar's stock value, which plummeted by $13.30, corresponding to an 8.75% decrease, bringing its closing price to $138.63 the following day.

The ramifications did not end there. By April 25, 2025, Landstar further disclosed its inability to submit its quarterly report on time, revealing that an internal review addressing various accounting and control concerns relating to the identified fraud was still ongoing. This development led to an additional decline in the company's stock price by $4.92, or 3.52%, taking it down to $135.00 per share.

Who Should Take Action?

Investors who believe they may have been negatively impacted by these events are strongly urged to contact Danielle Peyton at Pomerantz LLP by email at [email protected] or by phone at 646-581-9980, extension 7980. Pomerantz is known for its dedication to protecting investor rights and holding institutions accountable for fraudulent actions that can destabilize the stock market and harm shareholder investments.

About Pomerantz LLP

Pomerantz LLP is widely recognized as a leading firm specializing in corporate, securities, and antitrust class action litigation. Established by the late Abraham L. Pomerantz, often regarded as a pioneer of the class action bar, the firm has a proud history of advocating for victims of securities fraud and corporate misconduct. Over the course of more than 85 years, Pomerantz has successfully recovered millions in damages on behalf of class members, reflecting its ongoing commitment to justice and accountability.

For those seeking additional details about the investigation or wishing to partake in potential class action proceedings, more information is available at their official site, pomlaw.com.

Conclusion

As the resolution of the investigation unfolds, it will spotlight key aspects of Landstar’s operational practices and investor relations. Pomerantz LLP’s proactive approach could very well lead to major changes in corporate governance at Landstar, and ensure that investors are compensated for their losses. Keeping an eye on forthcoming disclosures will be crucial for all stakeholders involved.