FEDEX SUES FRITZ FOR REVEALING TRADE SECRETS TO UPS

FEDEX SUES FRITZ FOR REVEALING TRADE SECRETS TO UPS    Federal Express has filed a lawsuit against Fritz Cos. alleging that the San Francisco-based customs broker and forwarder had revealed trade secrets to United Parcel Service during acquisition talks.
   The lawsuit was filed on Feb. 5 in the Shelby County Circuit Court in Tennessee. FedEx said that it was considering acquiring parts of Fritz's operation when the UPS deal to buy the entire company was announced last month. During that time, FedEx alleges, sensitive information about its operations with Fritz were passed to UPS.
   The court granted a temporary restraining order prohibitng Fritz from violating its agreements with FedEx and from disclosing any confidential FedEx information, a FedEx spokesman said.
   Fritz reportedly said in a statement last week that it would “vigorously” fight the lawsuit.