NEW YORK, May 16, 2024 /PRNewswire/ — Pomerantz LLP is investigating claims on behalf of investors of Jabil Inc. (“Jabil” or the “Company”) (NYSE: JBL). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Jabil and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On April 18, 2024, Jabil disclosed in filing with the U.S. Securities and Exchange Commission that “[o]n April 15, 2024, Mr. Kenneth S. Wilson, Chief Executive Officer and Director of [Jabil] was placed on a paid leave pending completion of an investigation related to corporate policies.” Additionally, the Company represented that “[t]he conduct that prompted this review does not relate to, and does not impact, the Company’s financial statements or financial reporting.”
On this news, Jabil’s stock price fell $10.84 per share, or 8.36%, to close at $118.75 per share on April 19, 2024.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com.
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CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980
SOURCE Pomerantz LLP
