INVESTOR ALERT: Investigation of Echo Global Logistics, Inc. Announced by Law Offices of Howard G. Smith
Law Offices of Howard G. Smith announces an investigation on behalf of investors of Echo Global Logistics,
Inc. (“Echo” or the “Company”) (NYSE: ECHO) concerning the Company and its officers’ possible violations of federal securities laws.
Echo provides technology-enabled transportation and supply chain management solutions in the United States. It purportedly uses
a proprietary technology platform to compile and analyze data from its multi-modal network of transportation providers for the
transportation and logistics needs. The Company has grown through the acquisition of several logistics companies over the
years.
On September 8, 2016, Spruce Point Capital Management (“Spruce Point”) issued a report alleging that Echo's management and
founders have misled Company investors regarding Echo’s technology and competitive advantage, as well as misleading investors
regarding the success of Echo’s acquisitions. The Spruce Point report further alleges that Echo's recent headquarter lease
expansion placed Echo in violation of a debt covenant; and that "rampant accounting and financial concerns" are "evident," at the
Company.
On this news, Echo stock fell over 8% during intraday trading on September 8, 2016.
If you purchased Echo securities, have information or would like to learn more about these claims, or have any questions
concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of
Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847,
toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com
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