Landmark Ruling: Appeals Court Overturns $365M Punitive Damages Against FedEx

MEMPHIS, TENNESSEE – In a recent ruling, an appeals court overturned a $365 million jury award of punitive damages against FedEx. The decision came after a trial in which FedEx was sued for allegedly overcharging customers through its fuel surcharge practices. The case, which dates back to 2006, accused FedEx of intentionally misleading customers about the application of its fuel surcharges. A jury had initially awarded the plaintiffs $5.5 million in compensatory damages and a staggering $365 million in punitive damages. However, the appeals court found that the punitive damages were excessive and violated FedEx’s … Read more