U.S. Xpress Enterprises Settlement Final Approval Granted

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Published July 13, 2023

Final Approval of Settlement Granted in Stein V. U.S. Xpress Enterprises, Inc., et al., 1:19-cv-98 (E.D. Tenn.)

On July 12, 2023, the Honorable Travis R. McDonough of the United States District Court for the Eastern District of Tennessee granted final approval of the class action settlement in the case captioned Lewis Stein v. U.S. Xpress Enterprises, Inc., et al., Case No. 1:19-cv-98 (E.D. Tenn.). Lead plaintiff Deirdre Terry alleged violations of Sections 11 and 15 of the Securities Act of 1933 based on false and misleading misstatements that the company made that allegedly concealed from shareholders facts relating to driver retention and the harm the U.S. Xpress was suffering from its inability to retain drivers. The Stipulation of Settlement and all relevant case documents can be found here.