Firm Investigated by the Portnoy Legislation Agency

Company Investigated by the Portnoy Law Firm

LOS ANGELES, July 29, 2020 (GLOBE NEWSWIRE) – Portnoy law firm is sharing Kirby Corp. (NYSE: KEX) that the law firm has initiated an investigation into possible securities fraud and can file a class action lawsuit on behalf of investors.

Investors are asked to contact lawyer Lesley F. Portnoy by phone at 310-692-8883 or email to discuss their legal rights, or click here to investigate the case via www 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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The law firm Portnoy represents investors in the pursuit of claims against companies. The company's founding partner has raised over $ 5.5 billion for injured investors. Attorney advertising. Previous results do not guarantee similar results.

Lesley F. Portnoy, Esq.
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