FedEx Hit With Stock- Drop Suit Over Cyberattack Misrepresentations

(June 28, 2019, 11:34 AM EDT) -- NEW YORK — FedEx Corp. and certain of its senior executives concealed the extent of financial damage resulting from a cyberattack on its newly acquired European logistics company in violation of federal securities law, a pension fund argues in a June 26 securities class action complaint filed in New York federal court (Rhode Island Laborers’ Pension Fund v. FedEx Corp., et al., No. 19-5990, S.D. N.Y.)....

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