Defendant Name:
Roadrunner Transportation Systems, Inc.
Defendant Type:
Public Company
SIC Code:
4731
CUSIP:
76973Q20
Document Reference:
33-11156
Document Details
Legal Case Name
In the Matter of Roadrunner Transportation Systems, Inc.
Document Name
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 8A of the Securities Act of 1933 and Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
Document Date
14-Feb-2023
Document Format
Administrative Proceeding
AAER
4375
Allegation Type
Issuer Reporting and Disclosure
Document Summary
On February 14, 2023, the SEC instituted settled cease-and-desist proceedings against Roadrunner Transportation Systems, Inc, stating: "From at least July 2013 through January 2017, Roadrunner engaged in a multi-year
accounting fraud scheme by manipulating its financial reports to hit prior earnings guidance and
analyst projections."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:
Disgorgement
Individual:
$7,096,092.00
Shared:
Pre-Judgment Interest
Individual:
$2,539,819.71
Shared:
