The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of FDX, DBD, LB and JE

8/2/2019, 3:31 PM (Source: GlobeNewswire)

NEW YORK, Aug. 02, 2019 (GLOBE NEWSWIRE) -- The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. If you suffered a loss you have until the lead plaintiff deadline to request that the court appoint you as lead plaintiff.        

FedEx Corporation (NYSE: FDX)
Class Period: September 19, 2017 to December 18, 2018
Lead Plaintiff Deadline: August 26, 2019

According to the complaint, FedEx Corporation allegedly made materially false and/or misleading statements and/or failed to disclose that:  (1) TNT’s overall package volume growth was slowing as TNT’s large customers permanently took their business to competitors after the Cyberattack; (2) 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; (3) the anticipated costs and timeframe to integrate and restore the TNT network were significantly larger and longer than disclosed; (4) FedEx was not on track to achieve TNT synergy targets; and (5) 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.

Get additional information about the FDX lawsuit: http://www.kleinstocklaw.com/pslra-1/fedex-corporation-loss-submission-form?wire=3

Diebold Nixdorf, Incorporated (NYSE: DBD)
Class Period: February 14, 2017 to July 4, 2017
Lead Plaintiff Deadline: September 3, 2019

The complaint alleges Diebold Nixdorf, Incorporated made materially false and/or misleading statements and/or failed to disclose that:  (1) as a result of the Wincor acquisition and related integration, the Company was less focused on its core business; (2) the Company expected certain customers would not renew their service contracts (i.e. contract runoff); (3) the Company was not adequately prepared to staff service technicians; (4) as a result of the expected contract  runoff, the Company would suffer a shortage of adequately trained  service  technicians;  (5) as a result, the Company would suffer margin pressure in its services segment; (6) as a result of the foregoing, the Company would lose market share; and  (7) as a  result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Get additional information about the DBD lawsuit: http://www.kleinstocklaw.com/pslra-1/diebold-nixdorf-incorporated-loss-submission-form?wire=3

L Brands, Inc. (NYSE: LB)
Class Period: May 31, 2018 to November 19, 2018
Lead Plaintiff Deadline: September 23, 2019

The lawsuit alleges that L Brands, Inc. made materially false and/or misleading statements and/or failed to disclose that: (a) the Victoria’s Secret and PINK businesses were having a material adverse effect on the Company’s cash flow, liquidity and debt levels; (b) Defendants lacked a reasonable basis for their positive statements about the ability of the Company to sustain its dividend; (c) the MD&A disclosures in filings L Brands made with the SEC were materially false and misleading; (d) the risk factor disclosures in filings L Brands made with the SEC were materially false and misleading; (e) the representations about L Brands’ disclosure controls in filings the Company made with the SEC were materially false and misleading; (f) the certifications issued by Defendants Wexner and Burgdoerfer on L Brands disclosure controls were materially false and misleading; and (g) based on the foregoing, Defendants lacked a reasonable basis for their positive statements about L Brands’ then-current business operations and future financial prospects.

Get additional information about the LB lawsuit: http://www.kleinstocklaw.com/pslra-1/l-brands-inc-loss-submission-form?wire=3

Just Energy Group Inc. (NYSE: JE)
Class Period: November 9, 2017 to July 23, 2019
Lead Plaintiff Deadline: September 30, 2019

The lawsuit alleges Just Energy Group Inc. made materially false and/or misleading statements and/or failed to disclose during the class period that: (1) the Company experienced customer enrollment and nonpayment issues; (2)  as a result, the Company was reasonably likely to incur an impairment charge to its accounts receivable; (3) as a result, the Company lacked adequate internal control over its financial reporting; and (4) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Get additional information about the JE lawsuit: http://www.kleinstocklaw.com/pslra-1/just-energy-group-inc-loss-submission-form?wire=3

Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. There is no cost or obligation to you. If you suffered a loss during the class period and wish to obtain additional information, please contact J. Klein, Esq. by telephone at 212-616-4899 or visit the webpages provided.

J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
J. Klein, Esq.
Empire State Building
350 Fifth Avenue
59th Floor
New York, NY 10118
jk@kleinstocklaw.com
Telephone: (212) 616-4899
Fax: (347) 558-9665
www.kleinstocklaw.com

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