In re Celadon Group, Inc. Securities Litigation

Updated: January 16, 2019
Status: Settled

Labaton Sucharow serves as lead counsel in this securities class action against Celadon Group, Inc. (“Celadon”), a North American truckload freight transportation provider. The Court approved the Settlement on January 16, 2019. The Settlement resolves claims by Court-appointed Lead Plaintiffs the Greater Pennsylvania Carpenters’ Pension Fund and the Arkansas Teacher Retirement System (collectively, the “Institutional Investor Group” or “Lead Plaintiffs”), which have been asserted on behalf of a proposed class against Celadon, Bobby L. Peavler, and Paul A. Will (collectively, “Defendants”).

The operative Complaint alleges that Defendants violated the federal securities laws by making materially false and misleading statements and omissions concerning a variety of accounting issues that have resulted in the Company being delisted from the New York Stock Exchange and being forced to issue a forthcoming restatement of its financials for fiscal years 2014, 2015, 2016, and 2017. The Complaint further alleges that the price of Celadon common stock was artificially inflated as a result of Defendants’ allegedly false and misleading statements, and declined when the truth was revealed.

Submit Claim Form

If you purchased or otherwise acquired the publicly traded common stock of Celadon during the period from October 29, 2013 through April 13, 2018, inclusive, and were damaged thereby, you may be entitled to receive money from the proposed settlement. To be eligible for a payment, you must submit a Claim Form to the Claims Administrator so that it is postmarked or received no later than February 25, 2019.

If you have questions about the settlement, please contact Labaton Sucharow at settlementquestions@labaton.com or (888) 219-6877, or contact the Claims Administrator, Epiq, at (877) 214-3826.

Information about the settlement can also be found at  www.celadongroupsecuritieslitigation.com.