Sumting Wong
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This stock traded at $11.04 July 21st and $17.61 January 22nd.
https://seekingalpha.com/news/34172...doj-alleges-systematic-overcharging-shipments
YRC Worldwide (YRCW -20.5%) sinks to a 52-week low after the U.S. Department of Justice files a lawsuit against some of the company's units alleging the freight companies "systematically overcharged" the federal government for freight carrier services and made false statements to hide their misconduct.
The lawsuit filed in the U.S. District Court in Buffalo alleges that for more than seven years the subsidiaries defrauded the Defense Department "by millions of dollars for shipments that were actually lighter, and thus cheaper, than the weights for which the defendants charged the government."
YRCW says the government's claims are "totally without merit."
https://seekingalpha.com/news/34172...doj-alleges-systematic-overcharging-shipments
YRC Worldwide (YRCW -20.5%) sinks to a 52-week low after the U.S. Department of Justice files a lawsuit against some of the company's units alleging the freight companies "systematically overcharged" the federal government for freight carrier services and made false statements to hide their misconduct.
The lawsuit filed in the U.S. District Court in Buffalo alleges that for more than seven years the subsidiaries defrauded the Defense Department "by millions of dollars for shipments that were actually lighter, and thus cheaper, than the weights for which the defendants charged the government."
YRCW says the government's claims are "totally without merit."