FedEx Tries to Block Probe by Andrew Cuomo

FOXBusiness

FedEx (NYSE:FDX) is attempting to block a probe into its policies on shipping liability limits and the declared value of those shipments, according to the New York Post. The probe, started by New York Attorney General Andrew Cuomo, is investigating possible fraud or illegal acts surrounding FedEx’s representation of liability limits.

On Wednesday, Memphis, Tenn.-based FedEx said it would seek an injunction blocking the investigation, in which FedEx was subpoenaed for details on shipment liability, and copies of insurance agreements for items shipped by the company.

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For customers whose items were damaged in transit, FedEx requires an original receipt of purchase in order to issue a refund. However, many customers who shipped items including artwork, antiques, jewelry and musical instruments were unable to get reimbursed by FedEx. The subpoena specifically mentions such items, the Post reported.

FedEx has one week to meet the terms of the attorney general's subpoena, according to the lawsuit.

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