Bragar Eagle & Squire, PC examines BRP, FedEx, Opendoor and
NEW YORK, Sept. 26, 2022 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, PC, a nationally recognized shareholder rights law firm, is investigating potential claims against BRP Group, Inc. BRPfedex corp FDXOpendoor Technologies, Inc. OPENand F45 Training Holdings, Inc. FXLV. Our investigations address whether these companies have violated federal securities laws and/or engaged in other illegal business practices. For more information on each case, see the link provided.
BRP Group, Inc. BRP
BRP is the subject of a report published on September 13, 2022 by NINGI Research. The report alleges that “BRP manipulated its organic growth rate to exceed analysts’ estimates” and “the company misled investors by presenting inorganic revenue as organic in a self-proclaimed separate arrangement with an affiliate.” NINGI also alleges that “in 2020, BRP’s proprietary ‘MGA of the Future’ technology was misappropriated by an employee and transferred to a competitor, as BRP alleges in a lawsuit,” however, “the company alleges the misappropriation first noted in May 2021, but to date has not disclosed the intellectual property theft to investors, despite a lawsuit arguing that the theft has caused and will cause severe damage to BRP’s revenues and market share.
As a result of this news, BRP stock fell $0.42 per share, or 1.35%, to close at $30.77 per share on September 14, 2022.
For more information on the BRP investigation, visit: https://bespc.com/cases/BRP
fedex corp FDX
FedEx released its preliminary first-quarter results on September 15, 2022. The company warned of a global decline in its delivery business and is closing branches and postponing hiring to counteract the decline. The company also warned that it will miss profitability targets and expects business conditions to deteriorate.
Based on this news, shares of FedEx plummeted more than 22% in intraday trading on September 16, 2022.
For more information on the FedEx investigation, go to:
Read full story here https://www.benzinga.com/pressreleases/22/09/g29023692/bragar-eagel-squire-p-c-is-investigating-brp-fedex-opendoor-and-f45-and-encourages-investors-to-co