An investigation on behalf of investors in NYSE:UPS shares was announced concerning possible potential securities laws violations by United Parcel Service, Inc. and certain of its directors and officers.
Investors who purchased shares of United Parcel Service, Inc. (NYSE:UPS), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of United Parcel Service, Inc. (NYSE:UPS) concerning whether a series of statements by United Parcel Service, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
United Parcel Service, Inc. reported that its annual Total Revenue rose from over $58.36 billion in 2015 to over $60.9 billion in 2016 and that its Net Income declined from over $4.84 billion in 2015 to over $3.43 billion in 2016.
In February 2015, the State and City of New York filed suit against United Parcel Service, Inc, arising from alleged shipments of cigarettes to New York State and City residents. The complaint asserts claims under various federal and state laws. The complaint also includes a claim that United Parcel Service, Inc. violated the Assurance of Discontinuance it entered into with the New York Attorney General in 2005 concerning cigarette deliveries. Trial was held in September 2016, and closing arguments were held in November 2016.
Shares of United Parcel Service, Inc. (NYSE:UPS) closed on April 10, 2017 at $106.42 per share.
Those who purchased NYSE:UPS shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com