FedEx Corp. and a class of about 200,000 plaintiffs have reached a tentative $21.5 million settlement to resolve allegations that FedEx overcharged commercial customers by misclassifying their shipments as residential deliveries to extract higher surcharges from the shippers.

According to Steven J. Rosenwasser, an Atlanta attorney representing two of the FedEx customers, the company will pay about $16.5 million in monetary claims to the class. In addition, the proposed settlement would bar the company from continuing practices that allegedly led to the misclassifications and subsequent overcharges. The value of that relief (the ban against past practices) is pegged at about $5 million, Rosenwasser said in an interview today.
FedEx, plaintiffs reach $21.5 million settlement in delivery overcharge dispute – DC Velocity