Recent Security Class Actions

United Parcel Service Inc. Common Stock (NYSE: UPS)

Company Name:United Parcel Service Inc. Common Stock
Stock Symbol:NYSE: UPS
Class Period Start:01/30/2024
Class Period End (inclusive):07/22/2024
Filing Deadline:12/09/2024

The Complaint alleges that Defendants provided these overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts concerning the true state of UPS’ growth; notably, that it was not truly equipped to handle a surge in volume in lower-profit services without seeing a significant decline in their operating margins. The Complaint further alleges that such statements absent these material facts caused shareholders to purchase UPS’ securities at artificially inflated prices.