CSX Corporation Class Action Lawsuit - CSX

The filed complaint alleges that CSX Corporation made materially false and/or misleading statements and/or failed to disclose that: CSX is the subject of a Bloomberg article published on October 17, 2024, which states that the Company "received a subpoena from the US Securities and Exchange Commission focused on previously disclosed accounting errors and certain non-financial performance metrics." According to the article, "The subpoena asked the railroad company to produce documents about accounting mistakes CSX disclosed in its previous quarterly report, according to a regulatory filing on Thursday. The company received the subpoena this month and is cooperating with the probe, CSX said in the filing." The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

In order to be eligible to join the CSX class action lawsuit, you must have incurred a loss on shares of CSX Corporation purchased during the class period listed above.