ACCESSWIRE
20 Sep 2022, 06:01 GMT+10
LOS ANGELES, CA / ACCESSWIRE / September 19, 2022 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors ofFedEx Corporation ('FedEx' or 'the Company') (NYSE:FDX) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. FedEx released its preliminary results for the first quarter on September 15, 2022. The Company warned of a global drop-off in its delivery business and is closing storefronts and putting off hiring staff to combat the drop. The Company also warned that it will miss targets on profitability and expects business conditions to worsen. Based on this news, shares of Fedex cratered by more than 22% in intraday trading on September 16, 2022.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at bschall@schallfirm.com.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.
310-301-3335
info@schallfirm.com
www.schallfirm.com
SOURCE: The Schall Law Firm
Get a daily dose of San Francisco Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to San Francisco Star.
More Information(Photo credit: David Banks-USA TODAY Sports) Jameson Taillon struck out seven while going six innings and Seiya Suzuki clubbed a ...
new york - Senior U.S. officials are upbeat about the prospects for improved relations with Central Asia's five republics following ...
Washington, DC [US], September 23 (ANI): As the India-Canada diplomatic row intensified after Canadian Prime Minister Justin Trudeau accused India ...
(Photo credit: Kareem Elgazzar/The Enquirer / USA TODAY NETWORK) The Minnesota Twins placed shortstop Royce Lewis on the 10-day injured ...
Warsaw is hoping for Washington to intervene in the grain dispute with Kiev, according to Deputy FM Arkadiusz MularczykWashington should ...
The long-range munitions, repeatedly demanded by Kiev, will reportedly come with controversial cluster warheadsWashington is expected to deliver a "small ...
MARTIN COUNTY, Florida: An Amazon driver making a delivery to a Florida home this week was bitten by a rattlesnake ...
CALGARY, Canada: From early 2024, the long-delayed and controversial Canadian government-owned Trans Mountain oil pipeline expansion (TMX) is expected to ...
ISLAMABAD, Pakistan: Pakistan's Supreme Court proceedings were broadcast live on state television on Monday, providing an unprecedented glimpse into the ...
MORGANTOWN, Pennsylvania: Pennsylvania state police said that nine teenage boys who escaped from the Abraxas Academy detention center this week ...
ANCHORAGE, Alaska: Anchorage is struggling to find housing options for more than 3,000 homeless residents, as the city's mass shelter ...
SEOUL, South Korea: Thousands of South Korean educators and school staff gathered in Seoul over the weekend to demand increased ...