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Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until August 26, 2019 to file lead plaintiff applications in a securities class action lawsuit against FedEx Corporation (NYSE: FDX).
FedEx and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On December 18, 2018, post-market, FedEx announced weak results for 2Q2019 including a downgrade in fiscal 2019 earnings guidance and a significant profit miss, due in part to lower freight volumes in Europe and a negative change in service mix following a June 2017 cyberattack.
On this news, the price of FedEx’s shares declined over 12%.
If you purchased shares of FedEx and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (email@example.com), or fill out the form on this page.
The case is Rhode Island Laborers’ Pension Fund v. FedEx Corporation, 19-cv-05990. Click here to read the case complaint.