FedEx (FDX) Indictment is Credit-Negative Event - Moody's
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U.S. DoJ Files Criminal Indictment Against FedEx (FDX) Over Online Pharmacy Shipments; Could Face Up to $1.6B Fine
July 18, 2014 8:21 AM EDT(Updated - July 18, 2014 9:16 AM EDT)
FedEx (NYSE: FDX) made the following disclosure today:
As we have previously disclosed, we have received requests for information from the U.S. Department of Justice (DOJ) in the Northern District of California in connection with a criminal investigation relating to the transportation of packages for online pharmacies that may have shipped pharmaceuticals in violation of federal law.
On July 17, 2014, the DOJ filed a criminal indictment in the United States District Court for the Northern District of California in connection with the matter. The indictment alleges that FedEx... More
