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RYDER INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Ryder System, Inc. - R

Ryder System, Inc. (R) 
Last ryder system, inc. earnings: 4/29 07:55 am Check Earnings Report
US:NYSE Investor Relations: investors.ryder.com
Company Research Source: Business Wire
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into Ryder System, Inc. (NYSE: R).In July 2019, the Company greatly lowered its full-year 2019 earnings forecast indicating that most of the lowered guidance reflected its weaker valuations of its tractors. Then, in October 2019, the Company disclosed that it was reducing its residual value estimates by $844 million. Then, on February 13, 2020, the Company disclosed that, due to significant reductions to the residual value of its trucking fleet, it had taken a total of $357 million in depreciation expense for 2019 and a loss of approximately $58 million on used vehicle sales, and that it expected to incur another $275 million in depreciation expense on its fleet and an additional $20 million estimated loss on used vehicle sales in 2020.The Company has been sued in a securities Show less Read more
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