Core Viewpoint - Landstar System, Inc. is under investigation for potential violations of federal securities laws and unlawful business practices following the identification of significant supply chain fraud that may impact its earnings [1][2]. Group 1: Company Developments - On April 2, 2025, Landstar disclosed a significant supply chain fraud that could negatively affect its first quarter 2025 earnings per share by 0.50 [2]. - Following the fraud revelation, Landstar retracted its previously issued earnings guidance for the first quarter of 2025, leading to a decline in its stock price [2]. - On April 25, 2025, Landstar announced it would be unable to file its quarterly report on time due to ongoing evaluations of accounting and internal control matters related to the identified fraud, resulting in further stock price drops [2]. Group 2: Legal Actions - Bragar Eagel & Squire, P.C. is investigating potential claims on behalf of Landstar stockholders who may have suffered losses due to the company's recent disclosures and actions [1][3]. - The law firm is reaching out to long-term stockholders and those with information regarding the situation to discuss their rights and interests [3].
LANDSTAR ALERT: Bragar Eagel & Squire, P.C. is Investigating Landstar System, Inc. on Behalf of Landstar Stockholders and Encourages Investors to Contact the Firm