LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation on behalf of Kirby Corporation (“Kirby” or the “Company”) (NYSE: KEX) investors concerning the Company and its officers’ possible violations of federal securities laws.
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On July 10, 2020, Kirby disclosed that, for the first quarter ended March 31, 2020, its goodwill impairment charge "was understated by $127,933,000 before taxes, $98,773,000 after taxes, or a $1.65 loss per share, due to not applying a specific provision of a new accounting standard that the Company had recently adopted on January 1, 2020."
On this news, the Company's share price fell sharply during intraday trading on July 13, 2020.
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If you purchased Kirby securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to email@example.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
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