Bragar Eagle & Squire, PC examines FedEx, Opendoor, Sotera,
NEW YORK, Oct. 06, 2022 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, PC, a nationally recognized shareholder rights law firm, is investigating potential claims against FedEx Corp. FDXOpendoor Technologies, Inc. OPENSotera Health Company SHCand Cantaloupe, Inc. CTLPCTLPP. 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.
fedex corp FDX
FedEx released its preliminary first-quarter results on September 15, 2022. The company warned of a global slowdown in its delivery business and is closing stores 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: https://bespc.com/cases/FDX
Opendoor Technologies, Inc. OPEN
On September 19, 2022, Bloomberg, citing a review of industry data, reported that Opendoor appeared to have lost money on 42% of its transactions in August 2022 (measured by the prices at which it bought and sold properties). Bloomberg further reported that the data was even worse in key markets like Los Angeles, where Opendoor lost money on 55% of sales, and Phoenix, where it lost money on 76% of sales.
According to the Bloomberg report, Opendoor’s share price fell $0.50 per share, or 12.32%, in the following two trading sessions to close at $3.56 per share on September 20, 2022.
You can find more information about the Opendoor investigation at: https://bespc.com/cases/OPEN
Sotera healthcare company SHC
On September 19, 2022, news outlets reported that a jury had found Sotera’s Sterigenics business liable for a role in causing breast cancer in a woman and awarded the plaintiff $363 million. The lawsuit specifically alleges…
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