From: The Street
New York state and city officials are suing UPS alleging that it shipped contraband cigarettes to unlicensed retailers and wholesalers and residences.
NEW YORK (TheStreet) — Shares of United Parcel Service (UPS) were higher in late-afternoon trading on Monday despite the Atlanta-based package delivery service being sued by New York state and city officials for allegedly making illegal deliveries of more than 683,000 cartons of untaxed cigarettes, according to Reuters.
New York Attorney General Eric Schneiderman and New York City authorities are urging a federal judge in Manhattan to make the company pay more than $872 million in penalties and damages for the alleged deliveries.
