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FedEx Corporation Investors: Company Investigated by the Portnoy Law Firm

/EIN News/ -- Investors can contact the law firm at no cost to learn more about recovering their losses

LOS ANGELES, Sept. 20, 2022 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises FedEx Corporation (“FedEx” or “the Company”) (NYSE: FDX) investors that the firm has initiated an investigation into possible securities fraud and may file a class action on behalf of investors. FedEx investors that lost money on their investment are encouraged to contact Lesley Portnoy, Esq.

Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: lesley@portnoylaw.com, to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. FedEx released its preliminary results for the first quarter on September 15, 2022. The Company warned of a global drop-off in its delivery business and is closing storefronts and putting off hiring staff to combat the drop. The Company also warned that it will miss targets on profitability and expects business conditions to worsen. Based on this news, shares of FedEx cratered by more than 22% in intraday trading on September 16, 2022.

Please visit our website to review more information and submit your transaction information.

The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.

Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com
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