Law Firm Kirby McInerney LLP Investigating Potential Claims On Behalf Of FedEx Corporation Stockholders

Kirby McInerney LLP is investigating potential claims against FedEx Corporation (“FedEx” or the “Company”) (NYSE:FDX) concerning whether the Company and its executives violated their fiduciary duties.

On July 17, 2014, FedEx stated in a regulatory filing that it has “received requests for information from the U.S. Department of Justice (“DOJ”) in the Northern District of California in connection with a criminal investigation relating to the transportation of packages for online pharmacies that may have shipped pharmaceuticals in violation of federal law. On July 17, 2014, the DOJ filed a criminal indictment in the United States District Court for the Northern District of California in connection with the matter.” The indictment alleges that FedEx Corporation, FedEx Express and FedEx Services, together with certain pharmacies, conspired to unlawfully distribute controlled substances and misbranded drugs. According to a press release issued by the DOJ in connection with the indictment, as early as 2004, “FedEx knew that it was delivering drugs to dealers and addicts” as FedEx’s couriers “expressed safety concerns that were circulated to FedEx Senior management, including that FedEx trucks were stopped on the road by online pharmacy customers demanding package of pills.”

If you are a FedEx stockholder and have information that could assist in this investigation, please contact J. Brandon Walker, Esq. by email at bwalker@kmllp.com, or telephone at (212) 699-1145, or Melissa Fortunato, Esq. by email at mfortunato@kmllp.com, or telephone at (212) 699-1141, or toll free at (888) 529-4787, or by filling out this contact form. There is no cost or obligation to you.

Kirby McInerney LLP is a New York-based law firm concentrating in securities, stockholder, whistleblower, antitrust and consumer litigation. For additional information, please go to www.kmllp.com.

Copyright Business Wire 2010

If you liked this article you might like

How to Invest at Every Age: Cramer's 'Mad Money' Recap (Friday 9/22/17)

Market Selloff Survival Strategies: Cramer's 'Mad Money' Recap (Thurs 9/21/17)

FedEx Makes A Comeback: Cramer's Top Takeaways

Watch Out For the Dominoes That Fall: Cramer's 'Mad Money' Recap (Wed 9/20/17)

U.S. Indices Close Mixed as Fed Readies to Reduce Balance Sheet