HALISTER: Fedex Illegal Drug Shipment Case Sharply Narrowed by U.S. Judge

Fedex Illegal Drug Shipment Case Sharply Narrowed by U.S. Judge

(Bloomberg) -- A federal judge in California tossed out many of the criminal charges against FedEx Corp. and its units in a case accusing it of knowingly shipping illegal prescription drugs.
  • U.S. District Judge Charles Breyer said prosecutors waited too long to bring the case against FedEx and two units
  • Prosecutors thought they had an agreement with FedEx providing for additional time to bring the case, but the judge said the agreement wasn’t entirely valid
  • FedEx and individuals who ran illicit pharmacies “knowingly and intentionally” schemed to launder more than $630,000 in shipping payments that were derived from drug sales, according to prosecutors.
  • FedEx and its alleged co-conspirators faced a fine of twice the gains from the illegal conduct, alleged to be at least $820 million
  • Some charges remain pending even after the March 18 ruling
  • The case is U.S. v. FedEx Corp., 14-cr-00380, U.S. District Court, Northern District of California (San Francisco)
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
FDX US (FedEx Corp)
1070L US (United States District Court for the Northern District of New York)

People
Charles Breyer ((US)Dist Court:CA-Northern)

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