https://investors.myyellow.com/.../yellow-corporation...
$6,800,800.00!
"Yellow Corporation (the “Company”) announced earlier today that it has entered into a settlement agreement with the United States government settling a nearly 13-year-old civil litigation with the Department of Defense (the “DOD”) relating to credits for the reweigh of certain freight shipments between 2005 and 2013, all of which pre-date the Company’s current management. In entering into the settlement agreement, the Company admitted no liability while denying the government’s core allegations. The settlement with the DOD will result in, among other things, a cash payment from the Company of approximately $6.8 million to the DOD and a mutual release of certain claims among the parties to the settlement agreement. A copy of today’s press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference."
$6,800,800.00!
"Yellow Corporation (the “Company”) announced earlier today that it has entered into a settlement agreement with the United States government settling a nearly 13-year-old civil litigation with the Department of Defense (the “DOD”) relating to credits for the reweigh of certain freight shipments between 2005 and 2013, all of which pre-date the Company’s current management. In entering into the settlement agreement, the Company admitted no liability while denying the government’s core allegations. The settlement with the DOD will result in, among other things, a cash payment from the Company of approximately $6.8 million to the DOD and a mutual release of certain claims among the parties to the settlement agreement. A copy of today’s press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference."