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Stock impact report

Kirby McInerney LLP Announces Investigation of Shareholder Claims Against CSX Corporation (CSX)

CSX Corporation (CSX) 
Last csx corporation earnings: 4/22 04:02 pm Check Earnings Report
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--The law firm of Kirby McInerney LLP is investigating potential claims against CSX Corporation (“CSX” or the “Company”) (NASDAQ: CSX). The investigation concerns whether CSX and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices.[Click here to learn more about the investigation]On October 17, 2024, Bloomberg published an article stating that CSX “received a subpoena from the US Securities and Exchange Commission” relating to “previously disclosed accounting errors and certain non-financial performance metrics.” According to the Bloomberg article, “The subpoena asked the railroad company to produce documents about accounting mistakes CSX disclosed in its previous quarterly report, according to a regulatory filing on Thursday. The company received the subpoena this month and is cooperating with the probe, CSX said in the filing.” On this news, the price of CSX shares declined by $2.38 per Show less Read more
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