FEDEX INVESTIGATION INITIATED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn
Swick & Foti, LLC Investigates FedEx Corporation Following Disclosure of
Department of Justice Indictment
NEW ORLEANS -- July 18, 2014
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 FedEx Corporation (NYSE: FDX).
On July 17, 2014, the Department of Justice (“DOJ”) announced that it had
issued a 15-count indictment charging FedEx with conspiracy to distribute
controlled substances for its alleged role in transporting painkillers and
other prescription drugs that had been sold illegally. If FedEx is found
guilty, it faces a potential fine of at least $1.6 billion, along with
restitution and forfeiture of profits. The DOJ stated that, 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.” In response to these safety
concerns, “FedEx adopted a procedure whereby Internet pharmacy packages from
problematic shippers were held for pick up at specific stations, rather than
delivered to the recipient’s address.”
KSF’s investigation is focusing on whether FedEx’s officers and/or directors
breached their fiduciary duties to FedEx’s shareholders or otherwise violated
state or federal laws.
If you have information that would assist KSF in its investigation, or have
been a long-term holder of FedEx shares and would like to discuss your legal
rights, you may, without obligation or cost to you, e-mail or call KSF
Managing Partner Lewis Kahn (firstname.lastname@example.org) or KSF Partner Melinda
Nicholson (email@example.com) toll free at 1-877-515-1850.
About Kahn Swick & Foti, LLC
KSF, whose partners include the Former Louisiana Attorney General Charles C.
Foti, Jr., is a law firm focused on securities class action and shareholder
derivative litigation with offices in New York, California and Louisiana.
KSF’s lawyers have significant experience litigating complex securities class
actions nationwide on behalf of both institutional and individual
To learn more about KSF, you may visit www.ksfcounsel.com.
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner, 877-515-1850
Melinda Nicholson, Partner, 877-515-1850
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