U.S. court fines UPS $247 million over illegal cigarette shipments

May 25, 2017 | Bad Credit Loans, Bank Lending, Business Lending, Business Loans, Capital, Economics, Finance, Non-Bank Loans, Working Capital

(Reuters) – A federal judge ordered United Parcel Service Inc to pay nearly $247 million in damages and penalties for “illegally shipping” large volumes of untaxed cigarettes in New York state and City, a court filing showed on Thursday.