December 29, 2017 - The lead plaintiff filed a third amended complaint on behalf of investors who purchased UTi Worldwide Inc (NASDAQ: UTIW) common shares between March 28, 2013 and February 25, 2014. The lead plaintiff alleges that the defendants violated the Securities Exchange Act of 1934 by issuing false and misleading statements between March 28, 2013 and February 25, 2014.
August 17, 2017 - The U.S. Court of Appeals for the Ninth Circuit reversed in part and affirmed in part the judgement of the district court and remanded the case.

December 10, 2015 - The lead plaintiff filed a notice of appeal.

November 12, 2015 - The court granted defendants' motion to dismiss with prejudice.

November 4, 2014 - The defendants filed a motion to dismiss.

September 5, 2014 - The lead plaintiff filed an amended consolidated complaint.

July 1, 2014 - The lead plaintiff and lead counsel were appointed.

May 16, 2014 - Lead plaintiff motions were filed.

March 18, 2014 - The case was transferred to the U.S. District Court for the Western District of California.

March 17, 2014 - An investor in shares of UTi Worldwide Inc (NASDAQ: UTIW) a lawsuit in the U.S. District Court for the Central District of California against UTi Worldwide Inc over alleged violations of Federal Securities Laws in connection with certain allegedly false and misleading statements made between December 5, 2013 and February 25, 2014.

According to the complaint the plaintiff alleges on behalf of all persons or entities who purchased or otherwise acquired securities of UTi Worldwide Inc (NASDAQ: UTIW) between December 5, 2013 and February 25, 2014, that UTi Worldwide Inc and certain of its officers and directors violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder.

More specifically, the plaintiff claims that defendants allegedly omitted material facts from their SEC filings and other public statements, namely, that UTi Worldwide Inc was experiencing a cash crunch and was rapidly depleting its lines of credit because of problems experienced with the rollout of its new freight forwarding operating and global financial systems. The plaintiff alleges that UTi Worldwide Inc's undisclosed liquidity problems were so severe that UTi Worldwide Inc was forced to engage in a heavily dilutive offering of convertible notes and preferred shares totaling over $500 million to provide UTi Worldwide Inc with emergency financing.

Shares of UTi Worldwide Inc (NASDAQ: UTIW) declined from $22.41 per share in April 2011 to almost $15 in early February 2014.

Then on February 26, 2014, UTi Worldwide Inc reported its updated consolidated financial statements for the fiscal year ended January 31, 2013.

UTi Worldwide Inc reported that its Total Revenue declined from over $4.91 billion for the 12 months period that ended on January 31, 2012 to $4.46 billion for the 12 months period that ended on January 31, 2013 and that its Net Income of $72.53 million for the 12 months period that ended on January 31, 2012 decreased to a Net Loss of $100.51 million for the 12 months period that ended on January 31, 2013.

Shares of UTi Worldwide Inc (NASDAQ: UTIW) declined to $9.76 per share on March 3, 2014.

On March 17, 2014, UTi Worldwide Inc (NASDAQ: UTIW) shares closed at $11.50 per share, which is significantly below its current 52 week High of $17.70 per share.