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Ryder (R) agreed to pay $45M to investors to resolve claims due to the financial misrepresentation.

Ryder was accused of overstating the expected residual value of its trucking fleet.

The truth came out in 2019 when Ryder reduced its earnings forecast due to declining truck values. 

Subsequent disclosures in 2019 and 2020 revealed lower truck values, increased depreciation expenses, causing significant drop in $R.

Ryder has now decided to end the allegations and pay a $45M settlement.

Ryder System Inc

All persons or entities who purchased or otherwise acquired publicly traded Ryder common stock during the period from July 23, 2015 through February 13, 2020, inclusive, and were damaged thereby.

Do I have to sell securities to be eligible?

No, if you have purchased securities within the class period, you are eligible to participate.

You can participate in the settlement and retain (or sell) your securities.

The final payout amount depends on your specific trades and the number of investors participating in the settlement.

If 100% of investors file their claims - the average payout will be $0.68 per share. Although typically only 25% of investors file claims, in this case, the average recovery will be $2.72 per share.

The entire process usually takes 4 to 9 months after the claim deadline. But the exact timing depends on the court and settlement administration.

11thestate is an investor recovery company, we help investors to track and collect securities class action settlements. We will:

Audit the claim and make sure you get the maximum possible payout

File a claim with the settlement administration

Correspond with the settlement administration to resolve emerging issues

Deliver payout directly to your brokerage account

There is no upfront cost, but we will deduct 20% of the recovered amount as a commission for our services.

Accepting Late Claims

Mismanagement

Misleading Statements

Omissions

Directors

Management

Ryder System (R) Financial Issues $45M Settlement

rydersystem-investors-settlement

Stocks

Long

Ryder System, Inc. operates as a logistics and transportation company worldwide. It operates through three segments: Fleet Management Solutions (FMS), Supply Chain Solutions (SCS), and Dedicated Transportation Solutions (DTS). The FMS segment offers full-service leasing and leasing with flexible maintenance options; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers; access to diesel fuel; and fuel planning and tax reporting, cards, and monitoring services, and centralized billing, as well as sells used vehicles through its retail sales centers and www.ryder.com/used-trucks website, as well as digital and technology support services. The DTS segment offers equipment, maintenance, drivers, administrative, and additional services, as well as routing and scheduling, fleet sizing, safety, regulatory compliance, risk management, and technology and communication systems support services. The SCS segment comprises distribution management services, such as designing and managing customer's distribution network and facilities; coordinating warehousing and transportation for inbound and outbound material flows; handling import and export for international shipments; coordinating just-in-time replenishment of component parts to manufacturing and final assembly; and offering shipments to customer distribution centers or end customer delivery points, as well as other value added services, such as light assembly of components. This segment also offers transportation management and brokerage services, such as shipment optimization, load scheduling, and delivery confirmation services; knowledge-based professional services; and e-commerce and last mile services. The company was founded in 1933 and is headquartered in Coral Gables, Florida.

Ryder System (R) Financial Issues $45M Settlement

Ryder was accused of overstating the expected residual value of its trucking fleet.

The truth came out in 2019 when Ryder reduced its earnings forecast due to declining truck values.

Subsequent disclosures in 2019 and 2020 revealed lower truck values, increased depreciation expenses, causing significant drop in $R.

Ryder has now decided to end the allegations and pay a $45M settlement.

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