NEW YORK, July 18, 2017 /PRNewswire/ -- Pomerantz LLP is
investigating claims on behalf of investors of FedEx Corporation ("FedEx" or the "Company") (NYSE: FDX).
Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 9980.
The investigation concerns whether FedEx and certain of its officers and/or directors have engaged in securities fraud or
other unlawful business practices.
[Click here to join a
class action]
On June 28, 2017, FedEx announced that the worldwide operations of the Company's TNT Express
unit were significantly affected by a cyber attack known as Petya. On July 17, 2017, FedEx
filed an annual report on Form 10-K with the U.S. Securities and Exchange Commission. In its annual report, FedEx 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.
The Company further advised investors that FedEx "do[es] not have cyber or other insurance in place that covers this
attack." On this news, FedEx's share price fell $2.96, or 1.35%, to close at $216.10 on July 17, 2017.
The Pomerantz Firm, with offices in New York, Chicago,
Florida, and Los Angeles, is acknowledged as one of the premier
firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham
L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class
actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights
of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous
multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
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SOURCE Pomerantz LLP