September 13, 2016 (Shareholders Foundation) - An investigation on behalf of investors of Echo Global Logistics, Inc. (NASDAQ:ECHO) shares over potential securities laws violations by Echo Global Logistics, Inc. and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Echo Global Logistics, Inc. (NASDAQ:ECHO) concerning whether a series of statements by Echo Global Logistics, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Echo Global Logistics, Inc. reported that its annual Total Revenue rose from over $1.17 billion in 2014 to over $1.51 billion in 2015 while its Net Income declined from $16.79 million in 2014 to $7.85 million in 2015.

On September 8, 2016, a report alleged that Echo Global Logistics, Inc's management and founders have misled Company investors regarding Echo Global Logistics, Incs technology and competitive advantage, as well as misleading investors regarding the success of Echos acquisitions. The report further alleged that Echo Global Logistics, Inc's recent headquarter lease expansion placed Echo Global Logistics, Inc in violation of a debt covenant; and that 'rampant accounting and financial concerns' are 'evident,' at the Echo Global Logistics, Inc.

Shares of Echo Global Logistics, Inc. (NASDAQ:ECHO) declined to as low as $22.93 per share on September 13, 2016.