Press release
Deadline on August 26th upcoming in Lawsuit filed for Investors in FedEx Corporation (NYSE: FDX)
A Deadline is coming up on August 26, 2019 in the lawsuit for certain investors in FedEx Corporation (NYSE: FDX).
Investors who purchased shares of FedEx Corporation (NYSE: FDX) have certain options and there are strict and short deadlines running. Deadline: August 26, 2019. NYSE: FDX stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
According to the complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges on behalf of purchasers of FedEx Corporation (NYSE: FDX) common shares between September 19, 2017 and December 18, 2018, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between September 19, 2017 and December 18, 2018, the defendants made false and misleading statements and/or failed to disclose that TNT’s overall package volume growth was slowing as TNT’s large customers permanently took their business to competitors after the Cyberattack, that as a result of the customer attrition, TNT was experiencing an increased shift in product mix from higher-margin parcel services to lower-margin freight services, that the anticipated costs and timeframe to integrate and restore the TNT network were significantly larger and longer than disclosed, that FedEx was not on track to achieve TNT synergy targets, and that as a result of these undisclosed negative trends and cost issues, FedEx’s positive statements about TNT’s recovery from the Cyberattack, integration into FedEx’s legacy operations, customer mix, customer service levels, profitability, and prospects lacked a reasonable basis.
Those who purchased shares of FedEx Corporation (NYSE: FDX) have certain options and should contact the Shareholders Foundation.
Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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