SAN FRANCISCO, Oct. 03, 2022 (GLOBE NEWSWIRE) — Hagens Berman Urges FedEx Corporation FDX Investors who have suffered significant losses Submit your losses now.

Visit: www.hbsslaw.com/investor-fraud/FDX
Contact a lawyer now: FDX@hbsslaw.com
844-916-0895

FedEx Corporation FDX Detection:

As recently as late June 2022, FedEx gave investors guidance for fiscal 2023, saying that regarding its largest operating segment (FedEx Express), both the efficiency of FedEx Express’ air network and year-over-year volume comparisons across all of its transportation segments are improving would improve through the fiscal year.

FedEx’s representations were challenged on September 15, 2022, when it announced disastrous preliminary results for the first quarter of 2023. The company also said its business conditions would deteriorate in the second quarter of 2023, and then withdrew its two-month-old guidance for fiscal 2023. This news sent FedEx shares down 21% on September 16, 2022, wiping out over $11 billion in shareholder value. In response, one analyst wrote, “Much of the deficit was attributed to global volume weakness in the final weeks of the quarter, but we have a hard time believing that’s the bigger picture…”

“We’re focusing on investor losses and finding the true cause of FedEx’s June 2022 forecast reversal,” said Reed Kathrein, the partner at Hagens Berman who is leading the investigation.

If you have invested in FedEx and suffer significant losses or have knowledge that may assist the company’s investigations, Click here to discuss your legal rights with Hagens Berman.

Whistleblower: Those with nonpublic information about FedEx should consider their ability to assist in the investigation or use the SEC’s whistleblower program. Under the new program, whistleblowers who provide original information can receive rewards totaling up to 30 percent of each successful recovery by the SEC. For more information, call Reed Kathrein at 844-916-0895 or E-Mail FDX@hbsslaw.com.

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