San Diego, CA -- (SBWIRE) -- 01/25/2018 -- An investigation was announced for investors in NASDAQ:CSX shares concerning possible securities laws violations by CSX Corporation.

Investors in shares of CSX Corporation (NASDAQ:CSX) should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on whether a series of statements by CSX Corporation regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On March 7, 2017, CSX Corporation 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 including service disruptions, decreases in operational performance and the exit of several executives.

On December 15, 2017, CSX Corporation announced that Harrison had died due to "severe complications from a recent illness."

According to the investigation the circumstances have raised questions in the finance sector regarding whether certain Company's executives had prior undisclosed knowledge of Harrison's health condition or failed to exercise due diligence in the hiring process.

Those who purchased shares of CSX Corporation (NASDAQ:CSX) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com