The Law Offices of Frank R. Cruz announces an investigation of Landstar System, Inc. (“Landstar” or the “Company”) (NASDAQ: LSTR) on behalf of investors concerning the Company’s possible violations of federal securities laws.

What Is The Investigation About?
On April 2, 2025, Landstar disclosed that it had “identified a significant supply chain fraud.” The Company disclosed “this fraud may adversely affect Landstar’s 2025 first quarter earnings per share in a range of $0.35 to $0.50.” As a result, Landstar withdrew its previously issued first quarter 2025 earnings guidance.

On this news, Landstar’s stock price fell $13.30, or 8.75%, to close at $138.63 per share on April 3, 2025, thereby injuring investors.

Then, on April 25, 2025, Landstar disclosed it would be unable to timely file its quarterly report as it had not yet completed its ongoing evaluation of certain accounting and internal control matters related to the previously identified fraud.

On this news, Landstar’s stock price fell as much as $6.32, or 4.5%, during intraday trading on April 25, 2025, thereby injuring investors further.