Swift Transportation – National Securities Law Firm Encourages Shareholders With Significant Losses To Contact Law Firm
July 28, 2014: 12:06 PM ET
NEW YORK, July 28, 2014/PRNewswire/ — Tripp Levy PLLC, a leading national securities law firm, announces that it is investigating potential securities fraud claims against Swift Transportation Co. (NYSE: SWFT) (“Swift” or the “Company”) resulting from allegations that Swift may have made false and misleading disclosures concerning its business and financial condition.
On July 25, 2014, Swift tumbled the most since its 2010 initial public offering, after the Company forecast third-quarter financial results below that of analysts’ estimates due to a “shortage” of drivers. Swift said that it was “constrained” by a challenging driver market in the second quarter and that turnover was higher than anticipated.
Following this announcement, the stock fell over $4.60 per share to $21.20 per share on July 25, 2014.
Tripp Levy PLLC is looking at filing a potential action that seeks to recover damages on behalf of all purchasers of Swift publicly traded securities during the period January 27, 2014 through and including July 25, 2014 (the “Class Period”).
If you purchased shares of Swift during the Class Period and suffered significant losses on your investment, and wish to discuss this matter at no cost or expense, please contact Tripp Levy PLLC via e-mail at email@example.com or call us toll free at 1-800-511-7037 or visit our website at www.tripplevy.com.
Tripp Levy PLLC is a leading national securities and shareholder rights law firm with offices across the country representing both individual and institutional shareholders and, along with its affiliates, has recovered billions of dollars for shareholders. Tripp Levy PLLC is affiliated with Milberg LLP. Attorney advertising. Prior results do not indicate a similar outcome
Toll free: 1-800-511-7037
SOURCE Tripp Levy PLLC