INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation on Behalf of XPO Logistics, Inc. Investors
(XPO)
Law Offices of Howard G. Smith announces an investigation on behalf of XPO Logistics, Inc. investors (“XPO” or the
“Company”) (NYSE:
XPO) concerning the Company and its officers’ possible violations of federal securities laws.
On December 12, 2018, Spruce Point Capital Management (“Spruce Point”) published a report asserting that a “forensic
investigation” into XPO had revealed “financial irregularities that conveniently cover [the Company’s] growing financial strain and
inability to complete additional acquisitions despite repeated promises.” Specifically, Spruce Point reported that it had
discovered, among other issues, “concrete evidence to suggest dubious tax accounting, under-reporting of bad debts, phantom income
through unaccountable M&A earn-out liabilities, and aggressive amortization assumptions: all designed to portray glowing
‘Non-GAAP’ results.” On this news, XPO’s share price fell $15.77 per share or more than 26.1%, to close at $44.50 on December 13,
2018.
If you purchased XPO 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
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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