{"id":85766,"date":"2024-10-10T19:08:07","date_gmt":"2024-10-10T19:08:07","guid":{"rendered":"https:\/\/pakistaninewspaperlist.com\/news\/deadline-alert-faruqi-faruqi-llp-investigates-claims-on-behalf-of-investors-of-united-parcel-service-ups\/"},"modified":"2024-10-10T19:08:07","modified_gmt":"2024-10-10T19:08:07","slug":"deadline-alert-faruqi-faruqi-llp-investigates-claims-on-behalf-of-investors-of-united-parcel-service-ups","status":"publish","type":"post","link":"https:\/\/pakistaninewspaperlist.com\/news\/deadline-alert-faruqi-faruqi-llp-investigates-claims-on-behalf-of-investors-of-united-parcel-service-ups\/","title":{"rendered":"DEADLINE ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of United Parcel Service (UPS)"},"content":{"rendered":"
\n

Faruqi & Faruqi, LLP Securities Litigation Partner <\/strong>James (Josh) Wilson<\/strong><\/a> Encourages Investors Who Suffered Losses Exceeding $100,000 In UPS To Contact Him Directly To Discuss Their Options<\/strong><\/p>\n

If you suffered losses exceeding $100,000 in <\/strong>UPS<\/strong><\/a> between January 30, 2024 to July 22, 2024 <\/strong>and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly <\/strong>at 877-247-4292 <\/strong>or 212-983-9330 (Ext. 1310)<\/strong>.<\/p>\n

[You may also click here for additional information]<\/strong><\/a><\/p>\n

<\/p>\n

NEW YORK, Oct. 10, 2024 (GLOBE NEWSWIRE) — Faruqi & Faruqi, LLP<\/a>, a leading national securities law firm, is investigating potential claims against United Parcel Service, Inc. (\u201cUPS\u201d or the \u201cCompany\u201d) (NYSE: UPS) and reminds investors of the December 9, 2024 deadline<\/strong> to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.<\/p>\n

Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com<\/a>.<\/p>\n

As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by providing investors with material information concerning UPS\u2019 expected revenue and adjusted operating margin for the fiscal year 2024. Defendants\u2019 statements included, among other things, confidence in the Company\u2019s volume growth, price discipline, cost execution, and its overall ability to handle volume variabilities. Defendants provided these overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and\/or concealing material adverse facts concerning the true state of UPS\u2019 growth; notably, that it was not truly equipped to handle a surge in volume in lower-profit services without seeing a significant decline in their operating margins. Such statements absent these material facts caused Plaintiff and other shareholders to purchase UPS\u2019 securities at artificially inflated prices.<\/p>\n

The truth emerged on July 23, 2024 when UPS announced its financial results for the second quarter of fiscal 2024, provided lower-than-expected guidance for the third quarter, and reduced its margin guidance for the full fiscal year 2024. The Company attributed its results and lowered guidance on the shift in \u201cU.S. volume mix both in terms of product and customer segmentation . . . toward value products.\u201d<\/p>\n

Investors and analysts reacted immediately to UPS\u2019 revelation. The price of UPS\u2019 common stock declined dramatically. From a closing market price of $145.18 per share on July 22, 2024, UPS\u2019 stock price fell to $127.68 per share on July 23, 2024, a decline of $17.50 per share, or about 12.05% in the span of just a single day.<\/p>\n

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.\u00a0\u00a0<\/p>\n

Faruqi & Faruqi, LLP also encourages anyone with information regarding UPS\u2019s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.<\/p>\n

To learn more about the United Parcel Service (UPS) <\/strong>class action, go to www.faruqilaw.com\/UPS<\/strong><\/a> or call<\/strong> Faruqi & Faruqi partner Josh Wilson directly <\/strong>at 877-247-4292 <\/strong>or 212-983-9330 (Ext. 1310)<\/strong>.<\/p>\n

Follow us for updates on LinkedIn<\/a>, on X<\/a>, or on Facebook<\/a>.<\/p>\n

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com<\/a>). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.<\/p>\n

A photo accompanying this announcement is available at https:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/edf09450-261d-4901-83cd-3f65636b4c24<\/a><\/p>\n

\n <\/div>\n","protected":false},"excerpt":{"rendered":"

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In UPS To Contact Him Directly To Discuss Their Options If you suffered losses exceeding $100,000 in UPS between January 30, 2024 to July 22, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi 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