Core Viewpoint - Johnson Fistel, LLP is investigating Proficient Auto Logistics, Inc. for potential violations of securities laws related to misrepresentation or failure to disclose adverse information to investors [1][2]. Financial Performance - Proficient Auto Logistics estimated third-quarter revenue for fiscal year 2024 to be between $90 million and $92 million, indicating a decrease of 14% to 16% compared to the third quarter of 2023 [3]. - Following the revenue announcement, the company's stock price fell by 28.77% in the next trading session [3]. Legal Investigation - The investigation by Johnson Fistel focuses on the losses suffered by investors and the possibility of recovering those losses under federal securities laws [1][2]. - Individuals with nonpublic information about Proficient Auto Logistics are encouraged to assist in the investigation or consider the SEC Whistleblower program, which may offer rewards for original information leading to successful recoveries [4]. Company Background - Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in multiple states, representing both individual and institutional investors in securities class action lawsuits [5].
Johnson Fistel has Commenced an Investigation on Behalf of Proficient Auto Logistics, Inc. (PAL) Shareholders