Award Winning Firm Labaton Sucharow Investigating FedEx Corp (NYSE: FDX)
09/16/2022 - 10:16 AM
NEW YORK --(BUSINESS WIRE)--
Labaton Sucharow , a nationally ranked and award-winning shareholder rights firm, announces that it is investigating FedEx (NYSE: FDX) for potential violations of the federal securities laws.
On Thursday, September 15, 2022 , FedEx released preliminary first quarter financial results and said they are shuttering storefronts and corporate offices while putting off new hires brought on by drop-off in its global package delivery business.
The company warned it will likely miss Wall Street's profit target for its fiscal first quarter that ended Aug. 31 and said it expects business conditions to further weaken in the current quarter amid weaker global volume. Its stock fell more than 20% in after-hours trading following the announcement.
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If you want to receive additional information and protect your investments free of charge, please contact David J. Schwartz using the toll-free number (800) 321-0476 or via email at david@labaton.com .
About the Firm
Labaton Sucharow LLP is one of the world's leading complex litigation firms representing clients in securities, corporate governance and shareholder rights, consumer, and cybersecurity and data privacy litigation, as well as whistleblower representation. Labaton Sucharow has been recognized for its excellence by the courts and peers, and it is consistently ranked in leading industry publications. Offices are located in New York, NY , Wilmington, DE , and Washington, D.C. More information about Labaton Sucharow is available at labaton.com .
View source version on businesswire.com : https://www.businesswire.com/news/home/20220916005338/en/
David J. Schwartz
david@labaton.com
Source: Labaton Sucharow LLP
FDX Rankings
#484 Ranked by Stock Gains
FDX Stock Data
Industry
Couriers and Express Delivery Services
Sector
Transportation and Warehousing
Tags
Transportation, Air Freight/Couriers, Transportation and Warehousing, Couriers and Express Delivery Services
Country
US
City
Memphis
About FDX
fedex connects people and possibilities through our worldwide portfolio of shipping, transportation, e-commerce and business services. we offer integrated business applications through our collaboratively managed operating companies — collectively delivering extraordinary service to our customers — using the expertise and reliability represented by the fedex brand. our people are the foundation of our success, and fedex has consistently ranked among the world’s most admired and trusted employers. we inspire our global workforce of more than 400,000 employees to remain absolutely, positively focused on safety, the highest ethical and professional standards, and the needs of their customers and communities. we owe our success as an industry leader to the more than 400,000 global team members who deliver exceptional customer service experiences day-in and day-out. want to be part of this dynamic team? check out our open positions located on the careers site on fedex.com: http://careers.va
