An investigation on behalf of investors in FedEx Corporation (NYSE:FDX) shares over potential wrongdoing at FedEx Corporation was announced.
San Diego, CA -- (SBWIRE) -- 12/01/2022 -- Certain directors of FedEx Corp are under investigation over potential breaches of fiduciary duties.
Investors who purchased shares of FedEx Corporation (NYSE: FDX) have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain FedEx directors breached their fiduciary duties and caused damage to the company and its shareholders.
On September 15, 2022, FedEx Corporation released preliminary first quarter financial results and announced plans to shutter storefronts and corporate offices while putting off new hires brought on by drop-off in its global package delivery business. FedEx Corporation further stated that it was unlikely to meet Wall Street's profit target for its fiscal first quarter ended August 31, 2022 and that the Company expects business conditions to further weaken in the current quarter amid weaker global volume.
Shares of FedEx Corporation (NYSE: FDX) declined from $248.76 per share on June 24, 2022, to as low as $141.92 per share on September 27, 2022.
Those who purchased shares of FedEx Corporation (NYSE: FDX) have certain options and should contact the Shareholders Foundation.
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About The Shareholders Foundation
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