The Gross Law Firm Announces Class Actions on Behalf of Shareholders of HL, BOX and FDX
Monday, July 15, 2019 3:45 PM
NEW YORK, NY / ACCESSWIRE / July 15, 2019 / The securities litigation law firm of The Gross Law Firm issues the following notice on behalf of shareholders in the following publicly traded companies. Shareholders who purchased shares in the following companies during the dates listed are encouraged to contact the firm regarding possible Lead Plaintiff appointment. Appointment as Lead Plaintiff is not required to partake in any recovery.
Hecla Mining Company (NYSE: HL)
Investors Affected: March 19, 2018 - May 8, 2019
A class action has commenced on behalf of certain shareholders in Hecla Mining Company. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (a) the Nevada operations were hemorrhaging cash due to a multitude of material problems identified by Defendants during Hecla’s extensive due diligence of the Nevada mines before the Class Period, and (b) as a result of these material problems, Defendants had no reasonable basis for their representations that the Nevada operations would be in a position to have positive or self-funding cash flow.
Shareholders may find more information at https://securitiesclasslaw.com/securities/hecla-mining-company-loss-submission-form/?id=2417&from=1
Box, Inc. (NYSE: BOX)
Investors Affected: November 28, 2018 - June 3, 2019
A class action has commenced on behalf of certain shareholders in Box, Inc. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) the Company was unable to close large deals within the quarter; (2) that, as a result, the Company’s revenue would be materially impacted; and (3) 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.
Shareholders may find more information at https://securitiesclasslaw.com/securities/box-inc-loss-submission-form/?id=2417&from=1
FedEx Corporation (NYSE: FDX)
Investors Affected: September 19, 2017 - December 18, 2018
A class action has commenced on behalf of certain shareholders in FedEx Corporation. The filed complaint alleges that defendants 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.
Shareholders may find more information at https://securitiesclasslaw.com/securities/fedex-corporation-loss-submission-form/?id=2417&from=1
The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a Company lead to artificial inflation of the Company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.
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New York, NY, 10018
Email: [email protected]
Phone: (212) 537-9430
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SOURCE: The Gross Law Firm