NEW YORK, Jan. 12, 2015 /PRNewswire/ -- Strauss Law P.L.L.C., a litigation firm, has commenced an investigation into FedEx Corporation ("FedEx" or the "Company") to determine whether the Company's Officers and Directors have breached their fiduciary duties owed to the Company and its shareholders.
FedEx is an American global courier delivery services company. FedEx provides transportation, e-commerce, and business services internationally and is the operator of the world's largest cargo airline.
On August 14, 2014, the Department of Justice ("DOJ") filed a superseding indictment against FedEx for drug-trafficking charges alleging that the Company used its shipping services to deliver prescription drugs for illegal Internet pharmacies from at least 2004 through the present. According to the DOJ, FedEx delivered drugs from Internet pharmacies that supplied pills to customers who filled out online questionnaires and were never examined by doctors.
The DOJ further alleges that FedEx repeatedly ignored warnings by the Drug Enforcement Administration ("DEA"), the Food and Drug Administration ("FDA"), and members of Congress. The indictment alleges that FedEx knew that such pharmacies used its services and that FedEx took steps to protect its business by setting up special sales classifications for Internet pharmacies. According to a statement from the DOJ, FedEx could face a potential fine of $1.6 billion.
What You Can Do
If you are a long term FedEx shareholder, you may have legal claims against FedEx Officers and Directors. If you wish to discuss this investigation, or have questions about this notice or your legal rights, please contact attorney Jesse Strauss at 212-822-1496 or via email at [email protected].
About Strauss Law P.L.L.C.
Strauss Law P.L.L.C. is full service litigation firm with a specialty in, among other related practice areas, shareholder rights and business owner disputes. Strauss Law P.L.L.C.'s founder, Jesse Strauss, has over a decade of experience getting justice for his clients, including trial experience at a top national law firm, litigating complex securities fraud matters at a leading plaintiff side class action litigation firm, and clerking for a U.S. District Court Judge. Jesse takes on the tough cases and gets results. He has been twice selected as a New York "Super Lawyer" by Thompson Reuters for his work.
SOURCE Strauss Law P.L.L.C.