Fri, 09 Dec 2022

NEW YORK, NY / ACCESSWIRE / October 3, 2022 / Labaton Sucharow, a nationally ranked and award-winning shareholder rights firm, announces that it is investigating FedEx (NYSE:FDX) for potential violations of the federal securities laws.

Labaton Sucharow LLP, Monday, October 3, 2022, Press release picture

On Thursday, September 15, 2022, FedEx released preliminary first quarter financial results and said they are shuttering storefronts and corporate offices while putting off new hires brought on by drop-off in its global package delivery business.

The company warned it will likely miss Wall Street's profit target for its fiscal first quarter that ended Aug. 31 and said it expects business conditions to further weaken in the current quarter amid weaker global volume. Its stock fell more than 20% in after-hours trading following the announcement.

If you currently own stock or options in FedEx Corp. and suffered a loss, click here to participate.

If you want to receive additional information and protect your investments free of charge, please contact David J. Schwartz using the toll-free number (800) 321-0476 or via email at david@labaton.com.

About the Firm

Labaton Sucharow LLP is one of the world's leading complex litigation firms representing clients in securities, corporate governance and shareholder rights, consumer, and cybersecurity and data privacy litigation, as well as whistleblower representation. Labaton Sucharow has been recognized for its excellence by the courts and peers, and it is consistently ranked in leading industry publications. Offices are located in New York, NY, Wilmington, DE, and Washington, D.C. More information about Labaton Sucharow is available at labaton.com.

Contacts

David J. Schwartz
(800) 321-0476
david@labaton.com

SOURCE: Labaton Sucharow LLP



View source version on accesswire.com:
https://www.accesswire.com/718501/Award-Winning-Firm-Labaton-Sucharow-Investigating-FedEx-Corp-NYSE-FDX

More Oklahoma City News

Access More

Sign up for Oklahoma City News

a daily newsletter full of things to discuss over drinks.and the great thing is that it's on the house!