An investigation on behalf of current long term investors in FedEx Corporation (NYSE: FDX) shares over possible breaches of fiduciary duty by certain officers and directors was announced and NYSE: FDX stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 09/17/2019 -- Certain directors of FedEx Corporation are under investigation concerning potential breaches of fiduciary duties.
Investors who are current long term investors in FedEx Corporation (NYSE: FDX) shares, 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 for current long term investors in NYSE: FDX stocks follows a lawsuit filed against FedEx Corporation over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: FDX stocks, concerns whether certain FedEx directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that the defendants made false and misleading statements and/or failed to disclose that TNT's overall package volume growth was slowing as TNT's large customers permanently took their business to competitors after the Cyberattack, that as a result of the customer attrition, TNT was experiencing an increased shift in product mix from higher-margin parcel services to lower-margin freight services, that the anticipated costs and timeframe to integrate and restore the TNT network were significantly larger and longer than disclosed, that FedEx was not on track to achieve TNT synergy targets, and that as a result of these undisclosed negative trends and cost issues, FedEx's positive statements about TNT's recovery from the Cyberattack, integration into FedEx's legacy operations, customer mix, customer service levels, profitability, and prospects lacked a reasonable basis.
Those who purchased shares of FedEx Corporation (NYSE: FDX) have certain options and should contact the Shareholders Foundation.
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The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.