SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of FedEx Corporation (FDX)
NEW YORK, July 18, 2017 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of FedEx Corporation ("FedEx" or the "Company") (NYSE: FDX). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/fdx.
The investigation concerns whether FedEx and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On June 28, 2017, FedEx revealed that the worldwide operations of its TNT Express unit were heavily affected by Petya, a recent cyber-attack. On July 17, 2017, FedEx filed an annual report on Form 10-K with the U.S. Securities and Exchange Commission and advised investors that the disruption in services caused by the Petya attack would have a material financial impact on the Company's full-year results. FedEx also said that it "do[es] not have cyber or other insurance in place that covers this attack." Following this news, FedEx stock dropped $2.96 per share, or 1.35%, to close at $216.10 on July 17, 2017.
If you are aware of any facts relating to this investigation, or purchased shares of FedEx, you can assist this investigation by visiting the firm's site: www.bgandg.com/fdx. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | [email protected]
SOURCE Bronstein, Gewirtz & Grossman, LLC
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