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The filed complaint alleges that Proficient Auto Logistics, Inc. made materially false and/or misleading statements and/or failed to disclose that: On October 16, 2024, Proficient Auto Logistics issued a report pertaining to anticipated operating and financial metrics for the third quarter of fiscal year 2024. The Company stated that they estimated revenue for the third quarter to be in the range of $90 to $92 million, reflecting a decrease of 14 to 16% relative to the combined revenue of the third quarter of 2023. Following this news, the Company's stock dropped over 28% in the subsequent trading session.
In order to be eligible to join the PAL class action lawsuit, you must have incurred a loss on shares of Proficient Auto Logistics, Inc. purchased during the class period listed above.
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