NEW YORK, July 18, 2021 / PRNewswire / – Pomerantz LLP is investigating claims on behalf of investors in Kansas City Southern (“Kansas City Southern” or the “Company”) (NYSE: KSU). These investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 7980.
The investigation examines whether KSU and any of its officers and / or directors have engaged in securities fraud or other illegal business practices.
At July 8, 2021, the the Wall Street newspaper published an article titled “Biden to Target Railroads, Ocean Shipping in Executive Order”. The article reported, in part, that the Biden administration should ask “the Federal Maritime Commission and the Surface Transportation Board to fight what it calls a model of aggressive consolidation and pricing” – by shipping companies. railroad like Kansas City Southern, among others – “It has made it very expensive for American companies to move goods to market.”
On this news, Kansas City Southern’s stock price fell $ 22.46 per share, or 7.87%, to close at $ 262.79 per share on July 8, 2021.
The Pomerantz firm, with offices in new York, Chicago, Los Angeles, and Paris is recognized as one of the leading firms in the areas of corporate law, securities and antitrust litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class actions bar, the Pomerantz law firm was a pioneer in the field of class actions in securities. Today, more than 80 years later, Pomerantz continues the tradition it established, fighting for the rights of victims of securities fraud, breach of fiduciary duty and professional misconduct. The firm has recovered numerous multi-million dollar damages on behalf of the members of the group. See www.pomerantzlaw.com.
Robert S. Willoughby
888-476-6529 ext 7980
SOURCE Pomerantz LLP