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CSX INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of CSX Corporation - CSX

CSX (CSX)  More Company Research Source: Business Wire
Last csx earnings: 4/17 04:02 pm Check Earnings Report
US:NYSE Investor Relations: csx.com/index.cfm/investors/news-releases
PDF NEW ORLEANS--(BUSINESS WIRE)-- Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into CSX Corporation (NasdaqGS: CSX). On March 7, 2017, the Company announced the hiring of Chief Executive Officer, Hunter Harrison, a 73-year-old railroad executive, following a campaign by activist investor Mantle Ridge. Harrison’s compensation for the four year contract included $84 million in reimbursement for pay and benefits forfeited from his prior position, payment of a tax indemnity potentially amounting to as much as $23 million, and tens of millions of dollars in salary and incentive compensation. Notably, Harrison was hired despite refusing the Company’s request for an independent doctor to review his medical records. During 2017, widespread problems reportedly plagued the Company includ [Read more]

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