Lost Money on FreightCar America, Inc. Stock? Glancy Prongay Wolke & Rotter LLP Continues Investigating Possible Securities Fraud After 31.4% Share Price Drop
Investigation follows the October 19, 2026 disclosure regarding FreightCar America, Inc.; investors who lost money may have claims to recover their losses
LOS ANGELES, Oct. 30, 2026 (GLOBE NEWSWIRE) -- Investors who lost money on FreightCar America, Inc. ("FreightCar" or the "Company") stock may have claims to recover their losses. Glancy Prongay Wolke & Rotter LLP ("Glancy") continues its securities fraud investigation on behalf of FreightCar America, Inc. (NASDAQ: RAIL) investors into whether the Company may have violated the federal securities laws. The investigation follows the October 19, 2026 disclosure regarding FreightCar America, Inc.
Investors who lost money on FreightCar America, Inc. securities can submit their FreightCar America, Inc. loss information to learn about potentially pursuing claims to recover their losses.
Key facts in the FreightCar America, Inc. investigation
- Disclosure date: October 19, 2026
- Stock price decline: $1.84 per share, or 31.4%
- Closing price after the decline: $4.02 on October 20, 2026
What happened?
On October 19, 2026, FreightCar America announced preliminary third quarter 2026 results and disclosed that it was removing 1,285 railcars associated with its tank car retrofit order from its backlog after determining that the customer was unlikely to fulfill its contractual obligations.
On this news, FreightCar America’s stock price fell $1.84 per share, or approximately 31.4%, to close at $4.02 per share on October 20, 2026, thereby injuring investors.
"The price of FreightCar America, Inc. shares fell 31.4% following the October 19, 2026 disclosure that FreightCar was removing 1,285 railcars tied to its tank car retrofit order from its backlog after determining the customer was unlikely to fulfill its contractual obligations. Investors who suffered losses deserve to know whether they were given complete and accurate information prior to the disclosure, and our investigation seeks to answer that question," said Charles H. Linehan, Partner at Glancy Prongay Wolke & Rotter LLP.
What's the next step?
Glancy is investigating potential claims on behalf of FreightCar America, Inc. investors. Investors who lost money can contact Glancy about the FreightCar America, Inc. investigation, email shareholders@glancylaw.com, or call 310-201-9150 (toll-free: 888-773-9224).
Frequently Asked Questions
Who is eligible? Investors who bought FreightCar America, Inc. securities and lost money may have claims, and can contact Glancy to learn whether they are affected by the FreightCar America, Inc. investigation.
What is a securities fraud investigation? In the FreightCar America, Inc. investigation, Glancy is reviewing whether the Company or its executives may have made false or misleading statements to investors in violation of the federal securities laws.
Has a lawsuit been filed? This release announces Glancy's investigation, not a lawsuit. If a securities class action is later filed against FreightCar America, Inc., investors may have the opportunity to seek appointment as lead plaintiff.
Does it cost anything to contact Glancy or participate in this investigation? Glancy represents FreightCar America, Inc. investors on a contingency fee basis, so investors pay no attorneys' fees out of pocket. Any attorneys' fees and litigation expenses are paid only from a recovery, if one is obtained, and are subject to court approval.
Why work with Glancy on the FreightCar America, Inc. investigation? Glancy Prongay Wolke & Rotter LLP is a premier law firm with decades of experience representing investors and consumers in securities litigation and other complex class action litigation. Contact Glancy about the FreightCar America, Inc. investigation. Prior results do not guarantee a similar outcome.
Whistleblower notice
Persons with non-public information about FreightCar America, Inc. should consider their options to aid the investigation or take advantage of the SEC Whistleblower Program. Under the program, whistleblowers who provide original information that leads to a successful SEC enforcement action may receive awards of 10 to 30 percent of the sanctions collected, when those sanctions exceed $1 million. For more information, contact Charles H. Linehan at 310-201-9150 or 888-773-9224, or email shareholders@glancylaw.com.
About Glancy Prongay Wolke & Rotter LLP
Glancy was named one of Law360's Securities Groups of the Year and ranked second in total investor recoveries by ISS Securities Class Action Services in 2025.
Glancy's successes have been widely covered by leading news and industry publications, including The Wall Street Journal, The Financial Times, Bloomberg Businessweek, Reuters, the Associated Press, Barron's, Investor's Business Daily, Forbes, and Money.
Prior results do not guarantee a similar outcome.
Related links
- FreightCar America, Inc. investigation page, Glancy Prongay Wolke & Rotter LLP
- FreightCar Q3 2026 Results
- FreightCar America, Inc. SEC filings index, EDGAR
- SEC Whistleblower Program
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Contact
Glancy Prongay Wolke & Rotter LLP
1925 Century Park East, Suite 2100
Los Angeles, CA 90067
Email: shareholders@glancylaw.com
Telephone: 310-201-9150 | Toll-free: 888-773-9224
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