PR Newswire
LOS ANGELES, Aug. 2, 2024 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of United Parcel Service, Inc. ("UPS" or "the Company") (NYSE: UPS) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. UPS announced its earnings for the second quarter of 2024 on July 23, 2024. The Company suffered from a drop in operating profits of 30% year-over-year, while also lowering its guidance for the remainder of the year. UPS blamed "the current volume momentum we are now experiencing in our business" for its shortfall.
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