Thieler Law Corp advises investors with losses exceeding $100,000 of the August 26, 2019 lead plaintiff deadline in a class action lawsuit filed against FedEx Corporation (NYSE: FDX) (“FedEx” or “the Company”). The suit is pending in the U.S. District Court for the Southern District of New York and investors, who purchased FedEx Corporation securities between September 19, 2017 and December 18, 2018, have until August 26, 2019 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased FedEx Corporation securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that TNT’s overall package volume growth was slowing as TNT’s large customers permanently took their business to competitors after the Cyberattack; as a result of the customer attrition, TNT was experiencing an increased shift in product mix from higher-margin parcel services to lower-margin freight services; the anticipated costs and timeframe to integrate and restore the TNT network were significantly larger and longer than disclosed; FedEx was not on track to achieve TNT synergy targets; and as a result of these undisclosed negative trends and cost issues, FedEx’s positive statements about TNT’s recovery from the Cyberattack, integration into FedEx’s legacy operations, customer mix, customer service levels, profitability, and prospects lacked a reasonable basis.

On December 18, 2018, the Company revealed an earnings miss for second quarter 2018 due to negative shift in TNT’s product mix to lower margin freight business after a cyberattack on TNT’s operations in June 2017. In addition, the Company lowered its fiscal 2019 guidance and stated that it could no longer achieve the TNT Income Improvement Target by fiscal 2020.

Following this news, NYSE: FDX fell $22.50 per share, or more than 12%, to close at $162.51 per share on December 19, 2018.

If you were negatively impacted by your investment in FedEx Corporation securities between September 19, 2017 and December 18, 2018 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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