Del. Justices Uphold Chancery's Toss Of FedEx Investor Suit
Law 360
FEBRUARY 25, 2022
Delaware's highest court upheld on Friday a lower court's dismissal of a stockholder derivative suit seeking to hold FedEx Corp. directors accountable for the company's failures to act on illegal shipments of untaxed cigarettes between 2006 and 2012, which led to $35 million in New York state and city tax settlements.
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