SAN FRANCISCO, Feb. 24, 2015 /PRNewswire/ -- Shareholder and
consumer rights law firm Schubert Jonckheer & Kolbe LLP
launched an investigation into whether certain officers and
directors of FedEx Corporation (NYSE: FDX) breached their fiduciary
duties to FedEx and its shareholders by exposing FedEx to potential
criminal liability for allegedly conspiring to distribute
controlled substances and prescription drugs for illegal Internet
pharmacies.
In July 2014, FedEx Corporation
was indicted by a federal grand jury in San Francisco, California for its alleged role
in conspiracies to traffic in controlled substances and
prescription drugs with an organization run by Vincent Chhabra and Robert Smoley (the "Smoley-Chhabra
organization") and Superior Drugs. The indictment alleges that
FedEx employees knew that Internet pharmacies affiliated with both
the Chhabra-Smoley organization and Superior Drugs had been closed
down by state and federal law enforcement agencies and that their
owners, operators, pharmacies, and doctors had been indicted,
arrested and convicted of illegally distributing drugs. Yet,
according to the indictment, FedEx continued to deliver controlled
substances and prescription drugs for the Chhabra-Smoley
organization and Superior Drugs.
An indictment merely alleges that crimes have been committed,
and all defendants are presumed innocent unless and until proven
guilty beyond a reasonable doubt.
The Schubert Law Firm's investigation concerns the extent to
which certain FedEx officers and directors knew or should have
known of the facts alleged in the indictment, before the grand jury
actually indicted FedEx, and any actions they took related to
FedEx's alleged role in the conspiracy. The investigation also
concerns FedEx officers' and directors' knowledge regarding the
investigations conducted by various government agencies, including
the Department of Justice and the Drug Enforcement Agency, into
FedEx's alleged conspiracy.
If you are a long-term holder of FedEx stock and wish to obtain
additional information about the Schubert Law Firm's investigation
and your legal rights, please contact Miranda Kolbe either via email at
mkolbe@schubertlawfirm.com or by telephone at (415) 788-4220, or
fill out the form on our website at
http://classactionlawyers.com/fedex
About Schubert Jonckheer & Kolbe
Schubert
Jonckheer & Kolbe has extensive experience in prosecuting
securities claims, representing investors throughout the nation in
securities and shareholder lawsuits. Attorney advertising. Prior
results do not guarantee similar outcomes.
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SOURCE Schubert Jonckheer & Kolbe LLP