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Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of U.S. Xpress Enterprises Inc (NYSE: USX) violated securities laws in connection with certain financial statements.
The investigation seeks to discover if possible claims on behalf of purchasers of the securities of U.S. Xpress Enterprises Inc (NYSE: USX) concerning whether a series of statements by U.S. Xpress Enterprises Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On November 1, 2018, the Company revealed its third quarter 2018 financial results. The Company revealed that certain trucking divisions negatively impacted by the fact that drivers had to be diverted to its dedicated division. The following day, U.S. Xpress Enterprises revealed the appointment of a new Chief Operating Officer.
Following this news, NYSE: USX fell almost 30% on November 2, 2018.
Based in Chattanooga, Tennessee, and founded in 1985 U.S. Xpress Enterprises Inc operates as an asset-based truckload carrier providing services primarily in the United States.
If you purchased shares of U.S. Xpress Enterprises Inc (NYSE: USX) on or before November 1, 2018, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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