NEW YORK--(BUSINESS WIRE)--
Levi & Korsinsky announces it has commenced an investigation of FedEx Corporation (“FedEx” or the “Company”) (NYSE: FDX) concerning possible violations of federal securities laws.
On June 28, 2017, FedEx announced that the worldwide operations of the Company’s TNT Express unit were significantly affected by a cyberattack known as Petya. Then on July 17, 2017, FedEx filed its 10-K with the U.S. Securities and Exchange Commission. In a press release coinciding with the filing, FedEx stated that, due to Petya, “customers are still experiencing widespread service and invoicing delays, and manual processes are being used to facilitate… We cannot estimate when TNT services will be fully restored.” In addition, FedEx noted that the “financial impact” of the attack will likely be material, as the Company does not have cyber or other insurance to cover situations of this nature. To obtain additional information, go to:
http://www.zlkdocs.com/FDX-Info-Request-Form-2096
or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500, toll-free: (877) 363-5972.
Levi & Korsinsky is a national firm with offices in New York, California, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.
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