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HAUSFELD RECOVERS OVER $900 MILLION WITH ANOTHER SETTLEMENT IN AIR CARGO PRICE-FIXING LITIGATION

Settlement with Asiana Airlines Brings 2014 Recoveries to $417 Million

October 14, 2014 (Washington, DC)  ---- 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 before Judge Gleeson in the Eastern District of New York. Hausfeld attorneys serve as Co-Lead Counsel in the case.

Asiana Airlines, the most recent defendant to bow out of the litigation, has agreed to pay $55 million to direct purchasers of air cargo shipping services. In all, twenty-five defendants have settled for over $900 million:

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

Asiana Airlines

55,000,000

Total

$903,357,442

According to Brent Landau, Partner at Hausfeld, “We are proud to announce the fifth settlement reached this year, now having obtained well over three quarters of a billion dollars in compensation from 25 different airlines for class members harmed by this seven year cartel.”

The Plaintiffs’ motion for class certification is fully briefed and pending decision. 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.

For further information or to arrange interviews please contact:

Brent Landau

blandau@hausfeld.com

215-985-3273

NOTES TO EDITORS

About Hausfeld

Hausfeld is the leading global law firm that the world’s leading organizations trust with their most complex competition matters. Our international reach enables us to advise across multiple jurisdictions and pursue claims on behalf of clients worldwide. We work closely with clients to deliver outstanding results while always addressing their business concerns. We do so by anticipating issues, considering innovative strategies, and maximizing positive outcomes of legal disputes in a way that creates shareholder value. Our risk-free approach ensures that our interests are closely aligned with the interests of our clients.

For further information please visit: www.hausfeld.com

 

Practice Areas: Antitrust / Competition

 

Supporting Documents

» Cargo settlement press release 10-14-14 (PDF)