WASHINGTON, May 09, 2016 (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.
Air New Zealand Limited is the most recent airline to settle the litigation, having agreed to pay $35 million to direct purchasers of air cargo shipping services. Settlements with more than thirty defendants now top $1.2 billion:
|All Nippon Airways||10,400,000|
|South African Airways||3,290,000|
|El Al Israel Airlines||15,800,000|
|Nippon Cargo Airlines||36,350,000|
|Polar Air Cargo/Atlas Air Worldwide Holdings||100,000,000|
|Air New Zealand||35,000,000|
According to Brent Landau, Partner at Hausfeld, “This settlement – along with the more than $1 billion in recoveries for victims of this worldwide cartel – demonstrates the importance of private enforcement of the antitrust laws.”
NOTES TO EDITORS
Hausfeld is a leading global law firm with offices in Berlin, Brussels, London, New York, 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. Hausfeld is the only claimants’ firm to be ranked by the Legal 500 and Chambers & Partners as a top tier firm in private enforcement of antitrust/competition law in both the United States and the United Kingdom.
For more information about the firm, including recent trial victories and landmark settlements, please visit: www.hausfeld.com.
For further information or to arrange interviews please contact: Brent Landau email@example.com 215-985-3273