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 <a xmlns="http://www.w3.org/1999/xhtml" href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.scott-scott.com%2Fcases%2Fnew%2Fsecurities-fraud-litigation-3224-celadon-group-inc-cgi.html&amp;esheet=51574899&amp;newsitemid=20170615005318&amp;lan=en-US&amp;anchor=Scott%2BScott%2C+Attorneys+at+Law%2C+LLP&amp;index=1&amp;md5=6b290a41f871884d190638ca8fc7b7d7" rel="nofollow" rel="nofollow">Scott+Scott, 
 Attorneys at Law, LLP</a> ("Scott+Scott"), a national shareholder and 
 consumer rights litigation firm, reminds investors that June 19, 2017 is 
 the deadline to petition the court for lead plaintiff status in the 
 securities class action lawsuit against Celadon Group, Inc. ("Celadon" 
 or the "Company") CGI. If you purchased Celadon common stock 
 between January 27, 2016 and May 2, 2017, you are encouraged to contact 
 Scott+Scott for more information.
 
 
 Celadon provides long-haul, full-truckload freight service.
 
 
 The lawsuit alleges that Celadon made false and misleading statements 
 about the Company's business, operations, and prospects, including that 
 (1) the Company's equity contribution to its joint venture with Element 
 Financial Corp. was $68.2 million, rather than the $100 million 
 contribution as reported in its public filings; (2) Celadon is being 
 actively investigated by the SEC; and (3) Celadon's financial statements 
 for the fiscal year ended June 30, 2016, quarter ended September 30, 
 2016, and quarter ended December 31, 2016 could not be relied upon.
 
 
 On April 5, 2017, a report published on SeekingAlpha.com by Prescience 
 Point Research Group claimed that Celadon overstated its second quarter 
 2017 tangible book value and last twelve month profits by an estimated 
 $219 million through a series of off-balance sheet transactions and 
 other improper accounting. Following this report, the price of Celadon's 
 shares fell 13.6%, to close at $5.40.
 
 
 Another report was published by Prescience Point on April 19, 2017, 
 entitled "FOIA Requests Reveal CGI as the Subject of an Active SEC 
 Investigation." Following this news, shares of the Company's stock 
 dropped an additional 4.5%, to close at $4.20.
 
 
 Then, on May 1, 2017, Celadon announced that its auditor was withdrawing 
 support for prior statements. On this news, shares of Celadon fell an 
 additional $2.20 per share, or 55%, to close at $1.80 on May 2, 2017.
 
 
 What You Can Do
 
 
 If you wish to discuss this lawsuit, or have questions about this notice 
 or your legal rights, please contact attorney Joe Pettigrew toll free at 
 (844) 818-6982 or at <a xmlns="http://www.w3.org/1999/xhtml" href="mailto:jpettigrew@scott-scott.com" rel="nofollow" rel="nofollow">jpettigrew@scott-scott.com</a>. 
 Shareholders have until June 19, 2017 to petition the court for 
 lead plaintiff status.
 
 
 About Scott+Scott, Attorneys at Law, LLP
 
 
 Scott+Scott has significant experience in prosecuting major securities, 
 antitrust, and employee retirement plan actions throughout the United 
 States. The firm represents pension funds, foundations, individuals, and 
 other entities worldwide with offices in New York, London, Connecticut, 
 California, and Ohio.
 
 
 
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Short Sellers

Press Releases

Scott+Scott, Attorneys at Law, LLP Reminds Investors of Upcoming June 19th Deadline to File Lead Plaintiff Papers in Securities Class Action Lawsuit Against Celadon Group, Inc. (NYSE: CGI) 

Prescience Point

Scott+Scott, Attorneys at Law, LLP Reminds Investors of Upcoming June 19th Deadline to File Lead Plaintiff Papers in Securities Class Action Lawsuit Against Celadon Group, Inc. (NYSE: CGI)


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