Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against Landstar System, Inc. due to allegations of federal securities law violations and unlawful business practices following a significant supply chain fraud revelation [1][3]. Group 1: Company Overview - Landstar System, Inc. (NASDAQ:LSTR) is facing scrutiny after announcing a significant supply chain fraud that may impact its earnings per share for the first quarter of 2025 by $0.35 to $0.50 [3]. - The company withdrew its previously issued earnings guidance for the first quarter of 2025 due to the fraud [3]. Group 2: Investor Impact - Following the announcement of the fraud, Landstar's stock experienced a decline, which was exacerbated by the company's inability to file its quarterly report on time due to ongoing evaluations of accounting and internal control matters related to the fraud [3]. - Investors who purchased Landstar shares and suffered losses are encouraged to contact Bragar Eagel & Squire for potential legal recourse [1][4].
LANDSTAR INVESTIGATION ALERT: Bragar Eagel & Squire, P.C. Continues Investigation on behalf of Landstar System, Inc. Investors