TheGrantLawFirm, PLLC Investigates United Parcel Service, Inc. for Possible Breaches of Fiduciary Duty
February 24 2015 - 7:00AM
Business Wire
TheGrantLawFirm, PLLC is investigating a potential action on
behalf of United Parcel Service, Inc. (“UPS” or the “Company”) for
possible breaches of fiduciary duty by the Company’s officers and
directors, relating to UPS’s purported failure to comply with
federal and state laws.
On February 18, 2015, New York State Attorney General Eric T.
Schneiderman and New York City Corporation Counsel Zachary W.
Carter announced the filing of a multimillion-dollar lawsuit
alleging that UPS “unlawfully shipped over 136 million contraband
cigarettes – or nearly 700,000 untaxed cartons— across New York
State in violation of federal and state laws.”
The Complaint filed in federal court in Manhattan, alleges that
from at least 2010 through the present, UPS “knowingly ship[ed] and
deliver[ed] thousands of cartons of unstamped cigarettes from
manufacturers to unlicensed wholesalers and/or retailers ... and
then again, delivered such cigarettes ... to residences in New York
City and State, and indeed nationwide.” According to the Complaint,
these deliveries “support numerous illegal cigarette trafficking
enterprises,” and rob “the State and City of millions of dollars in
tax revenue.”
The Complaint further alleges that the deliveries also violated
an October 2005 Assurance of Discontinuance agreement that UPS
entered into with the New York State Attorney General, following an
investigation into similar allegations.
The Complaint could result in significant damages against the
Company and cases by other attorneys generals around the country.
If you are a current holder of UPS shares, would like to discuss
this investigation and/or are interested in helping the Company
recover its damages, please contact, Jorge Amador at
212-292-4449/jamador@grantfirm.com or Lynda J. Grant at
212-292-4441/lgrant@grantfirm.com. Jorge Amador is a forensics
accounting expert and class action attorney. Lynda J. Grant has
been representing wronged investors for over 30 years, and was
recently selected as a New York Metro Super Lawyer.
ATTORNEY ADVERTISING
TheGrantLawFirm, PLLCJorge Amador,
212-292-4449jamador@grantfirm.comorLynda J. Grant,
212-292-4441lgrant@grantfirm.com
United Parcel Service (NYSE:UPS)
Historical Stock Chart
From Mar 2024 to Apr 2024
United Parcel Service (NYSE:UPS)
Historical Stock Chart
From Apr 2023 to Apr 2024