Bloomberg News (8/2, Fisk) reports that FedEx Corp. and attorneys suing the company “over claims it billed governments and businesses at higher residential rates won preliminary approval of a $21.5 million settlement.” Under the settlement, which was reached after mediation, FedEx “will ‘implement prospective relief regarding residential delivery fee practices’ as well as provide money to the plaintiffs represented as a class in the suit, U.S. District Judge John T. Fowlkes Jr. in Memphis, Tennessee, said” on Thursday. Judge Fowlkes set a hearing for final approval for November 22. FedEx “was accused in the 2011 complaint of overcharging commercial and government customers as much as $3 each for tens of thousands of packages.”