Bragar Eagel & Squire, PC examines FedEx, Sotera, Cantaloupe

Bragar Eagel & Squire, PC examines FedEx, Sotera, Cantaloupe

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NEW YORK, Oct. 16, 2022 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, PC, a nationally recognized shareholder rights law firm, is investigating potential claims against FedEx Corp. FDXSotera Health Company SHCCantaloupe, Inc. CTLPCTLPPand Compass Minerals International, Inc. CMP. 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

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 alleged that carcinogenic emissions from a Sterigenics facility near the plaintiff’s home caused cancer.

As a result of this news, Sotera’s stock price fell $4.90 per share, or 33.27%, to close at $9.83 per share on September 19, 2022.

For more information on the Sotera investigation, please visit: https://bespc.com/cases/SHC

Cantaloupe, Inc. CTLPCTLPP

On September 28, 2022, the company issued a report stating, “Based on the progress made to date in evaluating the effectiveness of internal controls for financial reporting, the company currently expects to report three material weaknesses in its internal control framework and the design.” , the implementation and operational effectiveness of information technology in general…


Read full story here https://www.benzinga.com/pressreleases/22/10/g29281228/bragar-eagel-squire-p-c-is-investigating-fedex-sotera-cantaloupe-and-compass-and-encourages-invest

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