YRC Worldwide (YRCW) Comments on U.S. Government Litigation, Says Claims are Totally Without Merit
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After more than 9 years of diligently cooperating with the federal government’s inquiries, YRC Freight (NASDAQ: YRCW) was informed that the government filed a Complaint in Intervention related to the company’s charges for shipments tendered to it for transport during a period prior to 2013. Business with the U.S. Department of Defense currently represents less than one percent of YRC Freight’s annual revenue.
“These claims are totally without merit,” said Jim Fry, YRCW General Counsel. “We have made every effort over nearly a decade to address the government’s questions. We are confident that the evidence will demonstrate YRC Freight acted consistently with our contract and all applicable guidelines. We look forward to continuing to provide essential and valuable logistics services to the U.S. government and all our customers.”
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