Appeals court finds UPS liable for illegally transporting contraband cigarettes in New York
Story by: Clarissa Hawes @ FreightWaves I
A federal appeals court on Nov. 7 upheld a lower court’s ruling that shipping and logistics giant United Parcel Service Inc. is liable for illegally transporting hundreds of thousands of cartons of untaxed cigarettes from Native American reservations to unlicensed recipients in New York state.
In its ruling, the 2nd U.S. Circuit Court of Appeals in Manhattan reduced the payout and penalties UPS (NYSE: UPS) must pay to around $97.6 million, down significantly from approximately $247 million U.S. District Court Judge Katherine B. Forrest ordered the company to pay back in May 2017, according to Reuters.
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Source and credits: freightwaves.com / Clarissa Hawes / iTrucker / Mario Pawlowski