Universal Express - USXP - $389 Million Dollar Judgment Reported in the National Law
Journal
NEW YORK--(BUSINESS WIRE)--Aug. 9, 2001--Universal Express, Inc.'s (OTC:USXP - news) General Counsel, Chris Gunderson, indicated today that the $389 million dollar judgment in
favor of the Company referred to in recent press releases has been reported in The National Law Journal, a prestigious national weekly newspaper for the legal community.
The story may be found at nlj.com under the title ``Verdict of the Week'', ``Debenture double-dealers hit with $389 million award'', by staff reporter Margaret Cronin Fisk, published
on August 8, 2001. As the article indicates, the verdict was $87.62 million in compensatory damages, $26.29 million in interest and $275 million in punitive damages.
Universal (USXP) operates several other subsidiaries in logistics (Luggage Express(TM)) and International shipping (WorldPost). Its association of private postal stores (PBC) provides various
support services and numerous other programs to its members.
Visit Universal Express and its subsidiaries on the web at usxp.com
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to
risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the
company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's
filings with the Securities and Exchange Commission. |
