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Violation Tracker Individual Record

Company: Roadrunner Transportation Systems, Inc
Current Parent Company: Roadrunner Transportation Systems
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $9,635,911
Year: 2023
Date: February 14, 2023
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: The SEC found that Roadrunner engaged in a multi-year accounting fraud scheme by manipulating its financial reports to hit prior earnings guidance and analyst projections. The SEC found that the penalty amount was satisfied by the $20 million Roadrunner paid to settle a class action lawsuit.
Level of Government: federal
Action Type: agency action
Agency: Securities and Exchange Commission
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: Wisconsin
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: freight and logistics
Specific Industry of Current Parent: trucking and logistics
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.