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<blockquote data-quote="moreluck" data-source="post: 84323" data-attributes="member: 1246"><p><span style="font-family: 'Courier New'">FedEx Unit Reaches Settlement In Calif Wage Suit</span></p><p><span style="font-family: 'Courier New'">Dow Jones</span></p><p><span style="font-family: 'Courier New'"></span></p><p><span style="font-family: 'Courier New'">WASHINGTON -(Dow Jones)- FedEx Corp. (FDX) said its Federal Express Corp. </span></p><p><span style="font-family: 'Courier New'">unit reached a settlement in February with hourly employees in California </span></p><p><span style="font-family: 'Courier New'">related to a class-action wage lawsuit.</span></p><p><span style="font-family: 'Courier New'"></span></p><p><span style="font-family: 'Courier New'">According to a quarterly report filed Friday with the Securities and </span></p><p><span style="font-family: 'Courier New'">Exchange Commission, the plaintiffs alleged that hourly workers were routinely </span></p><p><span style="font-family: 'Courier New'">required to work "off the clock" and weren't paid for the additional work.</span></p><p><span style="font-family: 'Courier New'"></span></p><p><span style="font-family: 'Courier New'">The lawsuit represents a class of workers from Oct. 14, 1998, to the </span></p><p><span style="font-family: 'Courier New'">present, the SEC filing said.</span></p><p><span style="font-family: 'Courier New'"></span></p><p><span style="font-family: 'Courier New'">FedEx said the proposed settlement will be presented to the court for </span></p><p><span style="font-family: 'Courier New'">approval.</span></p><p><span style="font-family: 'Courier New'"></span></p><p><span style="font-family: 'Courier New'">The Memphis-based provider of transportation, electronic-commerce and </span></p><p><span style="font-family: 'Courier New'">business services said its Federal Express unit continues to deny liability but </span></p><p><span style="font-family: 'Courier New'">entered into the settlement to avoid the cost and uncertainty of further </span></p><p><span style="font-family: 'Courier New'">litigation.</span></p><p><span style="font-family: 'Courier New'"></span></p><p><span style="font-family: 'Courier New'">FedEx said the amount of the proposed settlement was accrued at Feb. 26 and </span></p><p><span style="font-family: 'Courier New'">isn't material to the company. The company didn't disclose the settlement </span></p><p><span style="font-family: 'Courier New'">amount in the filing or the court in which the lawsuit was filed.</span></p><p><span style="font-family: 'Courier New'"></span></p><p><span style="font-family: 'Courier New'">The lawsuit was granted class-action certification by the court in December </span></p><p><span style="font-family: 'Courier New'">2004.</span></p></blockquote><p></p>
[QUOTE="moreluck, post: 84323, member: 1246"] [FONT=Courier New]FedEx Unit Reaches Settlement In Calif Wage Suit Dow Jones WASHINGTON -(Dow Jones)- FedEx Corp. (FDX) said its Federal Express Corp. unit reached a settlement in February with hourly employees in California related to a class-action wage lawsuit. According to a quarterly report filed Friday with the Securities and Exchange Commission, the plaintiffs alleged that hourly workers were routinely required to work "off the clock" and weren't paid for the additional work. The lawsuit represents a class of workers from Oct. 14, 1998, to the present, the SEC filing said. FedEx said the proposed settlement will be presented to the court for approval. The Memphis-based provider of transportation, electronic-commerce and business services said its Federal Express unit continues to deny liability but entered into the settlement to avoid the cost and uncertainty of further litigation. FedEx said the amount of the proposed settlement was accrued at Feb. 26 and isn't material to the company. The company didn't disclose the settlement amount in the filing or the court in which the lawsuit was filed. The lawsuit was granted class-action certification by the court in December 2004.[/FONT] [/QUOTE]
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