Home / FedEx / (AFX UK Focus) 2008-12-05 18:10 UPDATE 3-FedEx to settle contractors’ compensation suit (Interactive Investor)

(AFX UK Focus) 2008-12-05 18:10 UPDATE 3-FedEx to settle contractors’ compensation suit (Interactive Investor)

NEW YORK, Dec 5 (Reuters) – FedEx Corp said on Friday it had reached an agreement to settle a lawsuit brought by contractors in California who claimed the package delivery company owed them business expense reimbursement. Pending court approval, FedEx will settle Estrada versus FedEx Ground Package System Inc for $26.8 million, the company told Reuters. About 200 contractors, who won their suit …

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