San Diego, CA -- (SBWIRE) -- 01/22/2014 -- An investigation on behalf of investors in FedEx Corporation (NYSE:FDX) shares was announced over potential breaches of fiduciary duties by certain officers and directors at FedEx that caused damages to the company and NYSE:FDX stockholders.
Investors who are current long term stockholders in FedEx Corporation (NYSE:FDX) shares, have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554
The investigation by a law firm concerns whether certain FedEx Corporation officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
FedEx Corporation was recently sued over allegedly in violations of a 2006 settlement delivering millions of contraband cigarettes to people's homes.
FedEx Corporation (NYSE:FDX) reported that its Total Revenue rose from $42.68 billion for the 12 months period that ended on May 31, 2012 to over $44.28 billion for the 12 months period that ended on May 31, 2013 while its respective Net Income declined from over $2.03 billion to over $1.56 billion.
Shares of FedEx Corporation grew from $38 per share in March 2009 to as high as $143.77 per share in late 2013.
On January 17, 2014, NYSE:FDX shares closed at $140.51 per share.
Those who purchased shares of FedEx Corporation have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego