LOS ANGELES, July 13, 2020 (GLOBE NEWSWIRE) – Portnoy law firm shares investors in Kirby Corp. (NYSE: KEX) that the law firm has initiated an investigation into possible securities fraud and can file a class action on behalf of investors.
Investors are asked to contact lawyer Lesley F. Portnoy by phone at 310-692-8883 or email firstname.lastname@example.org to discuss their legal rights, or click here to investigate the case via www .portnoylaw.com to join. Portnoy law firm can provide a free case assessment and discuss investors' options to pursue claims to cover their losses.
On July 8, 2020, Kirby announced that for the first quarter ended March 31, 2020, non-cash impairment losses on non-recurring goodwill were $ 127,933,000 before tax, $ 98,773,000 after tax, or a loss of 1 $ 65 per share based on No specific provision for a new accounting standard that the company recently adopted on January 1, 2020. In this news, Kirby stock prices fell from the opening at $ 50.20 per share on July 8, 2020 to $ 48.77 per share that day. Kirby's stock prices continued to fall over the next few trading days, trading at $ 46.42 on July 13, 2020.
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Lesley F. Portnoy, Esq.
Approved CA and NY bar