An investigation on behalf of investors in FedEx Corporation (NYSE:FDX) shares over potential wrongdoing at FedEx was announced.
San Diego, CA -- (SBWIRE) -- 10/10/2017 -- An investigation on behalf of investors in shares of FedEx Corporation (NYSE:FDX) was announced over potential breaches of fiduciary duties by certain officers and directors at FedEx.
Investors who purchased shares of FedEx Corporation (NYSE:FDX) have certain options and should contact the Shareholders Foundation at email@example.com or call 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 June 28, 2017, FedEx Corporation announced that the worldwide operations of the Company's TNT Express unit were significantly affected by a cyberattack known as Petya.
On July 17, 2017, FedEx Corporation filed its 10-K with the U.S. Securities and Exchange Commission.
In a press release coinciding with the filing, FedEx Corporation stated that, due to Petya, "customers are still experiencing widespread service and invoicing delays, and manual processes are being used to facilitate… We cannot estimate when TNT services will be fully restored." In addition, FedEx Corporation noted that the "financial impact" of the attack will likely be material, as the Company does not have cyber or other insurance to cover situations of this nature.
Those who purchased shares of FedEx Corporation (NYSE:FDX), have certain options and should contact the Shareholders Foundation.
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