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TMCNet:  FEDEX INVESTIGATION INITIATED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Investigates FedEx Corporation Following Disclosure of Department of Justice Indictment

[July 18, 2014]

FEDEX INVESTIGATION INITIATED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Investigates FedEx Corporation Following Disclosure of Department of Justice Indictment

NEW ORLEANS --(Business Wire)--

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 (lewis.kahn@ksfcounsel.com) or KSF Partner Melinda Nicholson (melinda.nicholson@ksfcounsel.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 shareholders.

To learn more about KSF, you may visit www.ksfcounsel.com.


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