NEW YORK, Oct. 4, 2022 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation into potential securities claims on behalf of FedEx Corporation shareholders FDX based on allegations that FedEx may have disclosed materially misleading business information to the investing public.
SO WHAT: If you have purchased FedEx securities, you may be entitled to compensation without paying out-of-pocket expenses or costs through a contingency fee arrangement. Law firm Rosen is preparing a class action lawsuit to recover investor losses.
WHAT TO DO NEXT: To participate in the prospective class action lawsuit, go to https://rosenlegal.com/submit-form/?case_id=8801 or call Phillip Kim, Esq. toll free at 866-767-3653 or by email [email protected] or [email protected] for information about the Class Action.
WHAT IS THIS ABOUT: On September 15, 2022, FedEx released its preliminary results for the first fiscal quarter. FedEx warned of a global slump in its delivery business and that it would close storefronts and delay hiring to combat the slump. FedEx also warned 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.
WHY ROSES LAW: We encourage investors to select qualified advisors with a track record in leadership positions. Frequently, companies that issue notices do not have comparable experience, resources, or meaningful recognition from peers. Be wise in choosing a lawyer. The Rosen law firm represents investors worldwide and focuses its practice on securities class actions and shareholder derivatives litigation. Rosen Law Firm has achieved the largest-ever settlement of a securities class action lawsuit against a Chinese company. Rosen Law Firm was ranked #1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017. The law firm was among the top 4…
Read full story here https://www.benzinga.com/pressreleases/22/10/g29147102/fdx-investor-alert-rosen-global-investor-counsel-encourages-fedex-corporation-investors-to-inquire