FedEx files lawsuit
Digest more
FedEx is the first major company in the United States to sue for a refund following the Supreme Court’s ruling on tariffs.
FedEx has a special delivery for the nation’s capital. The Mid-South’s largest employer is suing the federal government over tariffs.
FedEx (FDX) shares snapped six straight sessions of gains on Monday, as the stock was 1.2% lower at $383.80. The global leader in transportation, e-commerce, and business services gained 5.2% in the preceding six sessions.
FedEx has agreed to pay $8.5 million to settle a class-action lawsuit brought by a warehouse worker in New Jersey who said the company violated state hourly wage laws. William Taggart, of Perth Amboy,