The Law Offices of Frank R. Cruz Continues Investigation of Kirby Corporation (KEX) on Behalf of Investors

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz continues its 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.

If you are a shareholder who suffered a loss, click here to participate.

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.

Follow us for updates on Twitter: twitter.com/FRC_LAW.

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 [e-mail], 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.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.