Appellate court upholds ex-Roadrunner CFO’s conviction in $245M securities fraud scheme

Image of a Roadrunner tractor-trailer

A federal appellate court has upheld the conviction of ex-Roadrunner Transportation Systems CFO Peter Armbruster for his role in a securities and accounting fraud scheme that cost its shareholders $245 million.

The 7th Circuit U.S. Court of Appeals’ three-judge panel wrote in the opinion that there was “no reason to second-guess the jury’s decision.” Armbruster, 63, of Milwaukee, was sentenced to two years in prison in November 2021 by U.S. District Judge Matthew F. Kennelly. 

The jury rendered...

https://www.freightwaves.com/news/appellate-court-upholds-ex-roadrunner-cfos-conviction-in-245m-securities-fraud-scheme

Loaded and Rolling: Independent contractor legal battle; the hidden costs of compliance

Loaded and Rolling Cover ImageLegal battle over trucking independent contractors
(Photo: Jim Allen/FreightWaves)

The trucking owner-operator business model is getting more legal challenges. The 7th U.S. Circuit Court of Appeals overturned a lower court decision in May 2021 that ruled in favor of Schneider’s contract terms, creating a situation where an owner-operator is effectively an employee based on its interpretation of the Fair Labor Standards Act. 

The suit, filed in July 2020 by Eric Brant, claimed he was effectively...

https://www.freightwaves.com/news/loaded-and-rolling-independent-contractor-legal-battle-the-hidden-costs-of-compliance

Viewpoint: Court finds employer had right to fire employee for issues found during FMLA leave

An employee filed a lawsuit against her employer after her employer terminated her for performance issues discovered while she was out of the office on leave under the Family and Medical Leave Act (FMLA). The federal 7th Circuit Court of Appeals (which has jurisdiction over Illinois, Wisconsin, and Indiana) was tasked with determining whether the termination was a violation of the FMLA.

Background

During the first year of her employment, the employee showed performance deficiencies in her work....

https://www.freightwaves.com/news/viewpoint-court-finds-employer-had-right-to-fire-employee-for-issues-found-during-fmla-leave