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« In The NewsHausfeld LLP Announces $14 Million Settlement in Air Cargo Case
Hausfeld LLP, a global plaintiffs’ law firm dedicated to handling complex and class action litigation, announces that plaintiffs have reached a $14 million settlement with Saudi Arabian Airlines, Ltd. (“Saudia”) in In re Air Cargo Shipping Services Antitrust Litigation (pending in the Eastern District of New York). Saudia also has agreed to cooperate in the ongoing case against the remaining defendants. Hausfeld LLP serves as Co-Lead Counsel in the case.
Michael Hausfeld, Chairman of Hausfeld LLP, commented:
“The settlement with Saudia – an airline that did not plead guilty to criminal charges – is an excellent result for the US class, which has now recovered nearly half a billion dollars in settlements so far. We will continue our efforts to pursue recoveries for the huge number of victims of this cartel both in the US and around the world.”
As reflected in the chart below, this is the fourteenth settlement in the case so far, bringing the total recovery to over $450 million, with many other airlines remaining as defendants in the litigation.
|
Defendant |
Settlement Amount |
|
$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 |
|
Total |
$454,432,000.00 |
Nearly half of the original defendants in the civil action brought by Hausfeld LLP 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, William Butterfield, and Melinda Coolidge.
For further information or to arrange interviews please contact:
Joy Bickelhaupt
Tel: 202-540-7157
NOTES TO EDITORS
About Hausfeld LLP
Hausfeld LLP, led by industry doyen Michael Hausfeld, is widely recognized as one of the leading and best-known claimant law firms in the world. It is at the forefront of numerous innovative legal actions that are expanding the quality and availability of legal recourse for aggrieved individuals and businesses around the world.
The partners of Hausfeld LLP have obtained numerous landmark judgments and settlements for individuals and businesses, and have been champions for the private enforcement of competition and antitrust laws globally for almost four decades.
For further information please visit: www.hausfeldllp.com
