UPS 2007 Annual Report Download - page 30

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We have denied any liability with respect to these claims and intend to defend ourselves vigorously. At this time,
we have not determined the amount of any liability that may result from these matters or whether such liability, if
any, would have a material adverse effect on our financial condition, results of operations, or liquidity.
UPS and UPS Freight, along with several other companies involved in the LTL freight business, have been
named as defendants in numerous putative class-action lawsuits filed since July 30, 2007 in courts across the
nation. The cases have been consolidated for pretrial purposes in a Multi-District Litigation proceeding in the
United States District Court for the Northern District of Georgia. The lawsuits allege that the defendants
conspired to fix fuel surcharge rates, and they seek injunctive relief, treble damages and attorneys’ fees. We
intend to defend against these suits vigorously. These cases are at a preliminary stage and at this time, we have
not determined the amount of any liability that may result from this matter or whether such liability, if any,
would have a material adverse effect on our financial condition, results of operations, or liquidity.
We are a defendant in various other lawsuits that arose in the normal course of business. We believe that the
eventual resolution of these cases will not have a material adverse effect on our financial condition, results of
operations, or liquidity.
Other Matters
We received grand jury subpoenas from the Antitrust Division of the U.S. Department of Justice (“DOJ”)
regarding the DOJ’s investigations into air cargo pricing practices in July 2006 and into freight forwarding
pricing practices in December 2007. In October 2007, we received information requests from the European
Commission and the New Zealand Commerce Commission relating to investigations of freight forwarding
pricing practices. We are cooperating with these investigations.
Item 4. Submission of Matters to a Vote of Security Holders
None
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