DX

Parcel and freight firm DX said it had reached a settlement with rival Tuffnells Parcels Express in relation to confidential competitor information.

Earlier this year, Tuffnells said it was taking legal action against DX Group in relation to alleged corporate espionage.

The claim, revealed in the Sunday Times, alleged that three DX employees conspired to obtain daily customer service reports from Tuffnells in October 2020.

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Sheffield-based Tuffnells said it was seeking damages and demanding DX account for all profits arising from its use of confidential data.

However, in a statement published by the Alternative Investment Market this week, DX said it was “pleased to announce that it has reached a full and final settlement with Tuffnells Parcels Express in relation to its claim against the company, as previously announced on 13 February 2023.

“This confidential settlement, which is without any admission of liability, brings the claim to a satisfactory conclusion for all parties. It has no impact on the company’s expectations for its financial year ending 1 July 2023 or thereafter.”