Freight Shipping Co. Accused Of Cheating Feds, Investors

Law360 (January 2, 2019, 8:51 PM EST) -- American freight shipping company YRC Worldwide was hit with a proposed class action Wednesday in New York federal court that says investors paid the ultimate price when the company allegedly overcharged the federal government for carrier services and later tried to cover it up.

The worldwide freight carrier hid the fact that it "systematically overcharged" the U.S. Department of Defense by millions of dollars for freight shipping services from 2005 to at least 2013, the investor said in the suit. The investor, who is looking to represent all those who bought stock in YRC from March 10, 2014, to Dec. 14,...

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