×

Hausfeld Recovers Over One Billion Dollars in Air Cargo Price Fixing Litigation

WASHINGTON, April 29, 2015 (GLOBE NEWSWIRE) -- Hausfeld, a global claimants' law firm dedicated to handling complex litigation, announces that it has reached another settlement on behalf of the class in the Air Cargo Shipping Services Antitrust Litigation, pending in the United States District Court for the Eastern District of New York. Hausfeld attorneys serve as Co-Lead Counsel in the case.

EVA Airways, the most recent defendant to settle the litigation, has agreed to pay $99 million to direct purchasers of air cargo shipping services. In all, twenty-seven defendants have now settled for over one billion dollars:

Defendant Settlement Amount
Lufthansa 85,000,000
Air France/KLM/Martinair 87,000,000
American Airlines 5,000,000
Japan Airlines 12,000,000
SAS 13,930,000
All Nippon Airways 10,400,000
Cargolux 35,100,000
Qantas 26,500,000
Thai Airways 3,500,000
British Airways 89,512,000
Lan/ABSA 66,000,000
Malaysia Airlines 3,200,000
South African Airways 3,290,000
Saudia 14,000,000
Emirates 7,833,000
El Al Israel Airlines 15,800,000
Air Canada 7,500,000
Korean Air 115,000,000
Singapore Air 92,492,442
Cathay Pacific 65,000,000
China Airlines 90,000,000
Nippon Cargo Airlines 36,350,000
Asiana Airlines 55,000,000
EVA Airways 99,000,000
Total $1,038,707,442

According to Brent Landau, Partner at Hausfeld, "We are proud of what we have accomplished in this case so far: obtaining over a billion dollars in compensation for the victims of this seven-year cartel."

The case continues against the four airline defendants remaining in the case: Air China, Air India, Air New Zealand, and Polar Air Cargo and its parent Atlas Air Worldwide Holdings. In October 2014, the magistrate judge issued a 114-page opinion recommending certification of the class. Nearly half of the original defendants in the civil action brought by Hausfeld and other law firms have pled guilty to a conspiracy to fix the price of shipping goods by air to and from the United States. The plaintiffs allege that the cartel increased global shipping prices.

Hausfeld LLP attorneys working on this case are Michael Hausfeld, Brent Landau, Hilary Scherrer, and Melinda Coolidge.

NOTES TO EDITORS

About Hausfeld

Hausfeld is a leading global law firm with offices in Brussels, London, Philadelphia, San Francisco, and Washington, DC. The firm has a broad range of complex litigation expertise, particularly in antitrust/competition, financial services, sports and entertainment, environmental, mass torts, consumer protection, and human rights matters, often with an international dimension. Hausfeld aims to achieve the best possible results for clients through its practical and commercial approach, avoiding litigation where feasible, yet litigating robustly when necessary. Hausfeld's extensive experience with alternative and innovative fee models offers clients a diverse menu of engagement options and maximum flexibility in terms of managing their cost exposure.

For more information about the firm, including recent trial victories and landmark settlements, please visit: www.hausfeld.com.

CONTACT: For further information or to arrange interviews please contact: Deborah Schwartz Media Relations, Inc. deborah@mediarelationsinc.com 240 355-8838

Source: Hausfeld