Freight Co. YRC Asks 2nd Circ. To Snuff Investors' Fraud Suit

Law360 (November 9, 2020, 10:20 PM EST) -- YRC Worldwide told the Second Circuit Monday that a New York federal judge properly rejected a proposed securities fraud class action alleging that the freight shipping giant deceived investors by failing to disclose that the U.S. Department of Justice had been investigating YRC for years for overbilling the government.

YRC Worldwide Inc. and current and former top executives filed a brief asking the Second Circuit to affirm U.S. District Judge Glenn T. Suddaby's March dismissal of a securities fraud action spearheaded by the lead plaintiffs, the City of Warwick Retirement Fund and Peter Szabo, an individual investor. 

The securities litigation stems from...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!