×

Plaintiffs Prevail in Certification of Air Cargo Class Action

NEW YORK, July 12, 2015 (GLOBE NEWSWIRE) -- On Friday, the Honorable John Gleeson certified a class of direct purchaser plaintiffs against defendant airlines in an antitrust lawsuit concerning illegal price-fixing of air cargo shipping services. Judge Gleeson also appointed Hausfeld and three other law firms as class counsel.

Friday's order is the culmination of years of briefing and hearings to determine whether the class should be certified. In October 2014, Magistrate Judge Viktor V. Pohorelsky issued a 112-page decision, recommending that the Court grant the plaintiffs' motion for class certification. "Class certification will allow hundreds of thousands of claims to be resolved adequately, efficiently, and fairly," Judge Pohorelsky wrote. Elsewhere, Judge Pohorelsky observed that "plaintiffs have submitted a trove of direct and circumstantial evidence that strongly suggests the existence of an agreement among the defendants to fix prices," amounting to "compelling common evidence of a global conspiracy."

"This decision is an important step forward for the class members seeking compensation for the damage caused by this multi-year cartel," said Hausfeld Partner Brent Landau, who delivered both the opening statement and the closing argument at the multi-day class certification hearing. "We look forward to bringing the remaining cartelists to trial," he added.

Many of the original airline defendants have already settled with the plaintiffs, totaling more than $1 billion across twenty-seven settlements. Remaining in the case are defendants Air China, Air India, Air New Zealand, and U.S. air cargo carrier Polar Air Cargo and its parent, Atlas Air Worldwide Holdings.

Hausfeld attorneys working on this case are Michael Hausfeld, Brent Landau, Hilary Scherrer, and Melinda Coolidge. The case is In re Air Cargo Shipping Services Antitrust Litigation, Case No. 06-MD-1175 (JG) (VVP) (E.D.N.Y.).

NOTE TO EDITORS

About Hausfeld

Hausfeld is a leading global law firm with offices in Brussels, London, Philadelphia, San Francisco, New York, 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 (240) 355-8838 deborah@mediarelationsinc.com Brent Landau Hausfeld LLP (215) 985-3273 blandau@hausfeld.com

Source: Hausfeld