April 7, 2017 (Shareholders Foundation) - An investigation on behalf of investors of United Parcel Service, Inc. (NYSE:UPS) shares over potential securities laws violations by United Parcel Service, Inc. and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of United Parcel Service, Inc. (NYSE:UPS) concerning whether a series of statements by United Parcel Service, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

United Parcel Service, Inc. reported that its annual Total Revenue rose from over $58.36 billion in 2015 to over $60.9 billion in 2016 and that its Net Income declined from over $4.84 billion in 2015 to over $3.43 billion in 2016.

In February 2015, the State and City of New York filed suit against United Parcel Service, Inc, arising from alleged shipments of cigarettes to New York State and City residents. The complaint asserts claims under various federal and state laws. The complaint also includes a claim that United Parcel Service, Inc. violated the Assurance of Discontinuance it entered into with the New York Attorney General in 2005 concerning cigarette deliveries. Trial was held in September 2016, and closing arguments were held in November 2016.