Expeditors in court – let's kick the can down the road
To be continued
By Alex Lennane
Shareholders suing FedEx have a “doomed” case, according to a recent court filing by FedEx management.
A group of shareholders last year filed a case claiming FedEx executives had failed to disclose to investors the true problems at TNT following the NotPetya cyber attack, but had continued to trade shares themselves.
However, in its response, FedEx claimed the shareholders had failed to demonstrate “a suspicious pattern of trades”, and said each director, in fact, had increased or maintained their shareholdings during the ...
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