Wolf Popper LLP Announces Investigation on Behalf of Shareholders of FedEx Corporation
NEW YORK, July 18, 2014 /PRNewswire/ -- Wolf Popper LLP is investigating potential corporate malfeasance by the Board of Directors of FedEx Corporation (NYSE: FDX), including whether the Board has breached its fiduciary duties to its shareholders.
Shareholders of FedEx are urged to contact Fei-Lu Qian at 877.370.7703 or email@example.com.
On July 17, 2014, the Department of Justice issued a 15-count indictment charging FedEx and related entities with conspiracies to distribute controlled substances and misbranded prescription drugs for their role in transporting painkillers and other prescription drugs for illegal Internet pharmacies. 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." 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."
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