U.S. Xpress Enterprises, Inc.

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Ademi LLP is investigating U.S. Xpress (NYSE: USX) for possible breaches of fiduciary duty and other violations of law in its transaction with Knight-Swift.

Ademi LLP alleges U.S. Xpress’ financial outlook and prospects are excellent and yet U.S. Xpress’ shareholders are expected to receive only $6.15 per share in cash for each outstanding share of U.S. Xpress Class A and Class B common stock, except Max Fuller, Executive Chairman of U.S. Xpress, and Eric Fuller and related entities will rollover a portion of their shares of U.S. Xpress into an approximately 10% interest in a new Knight-Swift subsidiary formed to hold the U.S. Xpress business post-closing. The total enterprise value is approximately $808 million. The transaction agreement unreasonably limits competing bids for U.S. Xpress by imposing a significant penalty if U.S. Xpress accepts a superior bid. U.S. Xpress insiders will receive substantial benefits as part of change of control arrangements.