Core Viewpoint - Johnson Fistel, PLLP is investigating Proficient Auto Logistics, Inc. (NASDAQ: PAL) for potential violations of securities laws related to misrepresentation or failure to disclose material information to investors [1][3]. Investigation Details - The investigation is focused on the losses suffered by investors and the possibility of recovering these losses under federal securities laws [1]. - On October 16, 2024, Proficient Auto Logistics announced anticipated revenue for Q3 FY 2024 to be between $90 million and $92 million, indicating a decrease of 14% to 16% compared to Q3 2023 [4]. - Following this announcement, the company's stock price dropped by 28.77% in the next trading session [4]. Company Background - Johnson Fistel, PLLP is a nationally recognized shareholder rights law firm with multiple offices across the United States, representing both individual and institutional investors in securities class action lawsuits [6]. - The firm has been recognized as a top plaintiffs' securities law firm, recovering approximately $90.725 million for clients in cases where it served as lead or co-lead counsel [7].
Johnson Fistel Continues Investigation on Behalf of Proficient Auto Logistics, Inc. (PAL) Shareholders