NEW YORK CITY, NY / ACCESS Newswire / May 1, 2025 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Landstar System, Inc. ("Landstar" or "the Company") (NASDAQ:LSTR). Investors who purchased Landstar securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/LSTR.

Investigation Details

On April 2, 2025, Landstar revealed that it had "identified a significant supply chain fraud." The Company said "this fraud may adversely affect Landstar's 2025 first quarter earnings per share in a range of $0.35 to $0.50." As a result, Landstar withdrew its previously issued first quarter 2025 earnings guidance. Following this news, Landstar stock dropped. Then, on April 25, 2025, Landstar announced that it would be unable to timely file its quarterly report as it had not yet completed its ongoing evaluation of certain accounting and internal control matters related to the previously identified fraud. Following this news, Landstar stock again dropped, thereby damaging investors.

What's Next?

If you are aware of any facts relating to this investigation or purchased Landstar securities, you can assist this investigation by visiting the firm's site: bgandg.com/LSTR. You can also contact Peretz Bronstein or his client relations manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660

There is No Cost to You

We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.

Why Bronstein, Gewirtz & Grossman

Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.

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Contact

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Nathan Miller
332-239-2660 | info@bgandg.com

SOURCE: Bronstein, Gewirtz & Grossman, LLC

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