 On December 5, 2019, the Securities and Exchange Commission (SEC) charged former Celadon president and chief operating officer William Eric Meek and former chief financial officer Bobby Peavler of Celadon with accounting fraud.In a parallel action, the U.S. Attorney's Office for the Southern District of Indiana and the U.S. Department of Justice, Fraud Section jointly announced that Williams had pled guilty to related criminal charges.On December 8, 2019, Celadon Group, Inc. and 25 affiliates filed bankruptcy in the United States District Court for the District of Delaware.