FedEx to Pay $53.5 Million to Settle Racial Discrimination Suit (CNBC)

Package delivery company FedEx said it agreed to settle a racial discrimination lawsuit against its express unit, FedEx Express, for $53.5 million.

The suit alleged that FedEx Express discriminated against its African-American and Hispanic workers by passing them over for promotion, paying them less than white workers and treating them unfairly in evaluation and disciplinary proceedings.

Memphis-based FedEx has denied committing any acts of racial discrimination. “There has been no finding of wrongdoing on the part of FedEx,” said FedEx spokeswoman Sandra Munoz.

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