Energy News / Shareholders Foundation, Inc.

NYSE:FDX Investor Alert: Deadline on August 26, 2019 in Lawsuit Against FedEx Corporation

Via: ReleaseWire

Updated 11:30 AM CDT, Mon, August 26,2019

A Deadline is coming up on August 26, 2019 in the lawsuit for certain investors in FedEx Corporation (NYSE: FDX) and NYSE: FDX stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWIRE) -- 08/26/2019 -- The Shareholders Foundation announces that a deadline is coming up on August 26, 2019 in the lawsuit filed for certain investors of FedEx Corporation (NYSE: FDX).

Investors who purchased shares of FedEx Corporation (NYSE: FDX) have certain options and there are strict and short deadlines running. Deadline: August 26, 2019. NYSE: FDX stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The plaintiff alleges on behalf of purchasers of FedEx Corporation (NYSE: FDX) common shares between September 19, 2017 and December 18, 2018, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between September 19, 2017 and December 18, 2018, 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.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
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.

For more information on this press release visit:
http://www.sbwire.com/press-releases/nysefdx-investor-alert-deadline-on-august-26-2019-in-lawsuit-against-fedex-corporation-1257650.htm

Media Relations Contact
Michael Daniels
1-858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com