FedEx Sues Cuomo In Bid To Evade Insurance Probe

Law360, New York (August 24, 2010, 7:32 PM EDT) -- FedEx Corp. has filed suit in an effort to block a probe by New York Attorney General Andrew Cuomo into the company's declared value policies and liability insurance coverage of items, saying the investigation is preempted by federal law.

Tennessee-based FedEx lodged the complaint Tuesday in the U.S. District Court for the Southern District of New York, accusing the attorney general of exceeding his authority with the probe. The company asked the court to issue an injunction to stop the investigation.

Cuomo “has no power, authority...
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