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Hausfeld LLP Announces $35.1 million Settlement with Cargolux in Air Cargo Cartel Case

Hausfeld LLP, a global plaintiffs’ law firm dedicated to handling complex and class action litigation, announces that plaintiffs have reached a $35.1 million settlement with Cargolux Airlines International S.A. in In re Air Cargo Shipping Services Antitrust Litigation (pending in the Eastern District of New York). Hausfeld LLP serves as Co-Lead Counsel in the case.

Michael Hausfeld, Chairman of Hausfeld LLP, commented:
 
“This is a substantial settlement for the US class and an important step for Cargolux toward paying damages for their admitted price-fixing conduct. We will continue our efforts to pursue recoveries for the huge number of victims of this cartel in the US and around the world.”
 
As reflected in the chart below, this is the seventh settlement in the case so far, bringing the total recovery to nearly $250 million, with many other airlines remaining as defendants in the litigation.
 
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
Total
248,430,000
 
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’s sister practice in London (Hausfeld & Co LLP) commenced proceedings on behalf of two lead claimants against British Airways in the English High Court on September 18, 2008. For the UK Air Cargo matter, Hausfeld is also instructed by hundreds of companies from across the globe, including some of Europe’s biggest brand names.   
 
On July 14, 2010, BA made an application to the court to add 34 additional co-cartelists to the High Court claim as contributors for the purposes of contributing towards the liability to claimants arising from the cartel.
 
On November 9, 2010, the European Commission fined 11 air cargo carriers €799 million related to their participation in the air cargo price fixing cartel. The announcement followed a three year investigation by the EC in which investigators discovered a conspiracy by most of the world’s major airlines to fix the price of air freight services, including by means of a range of surcharges. To read the full Commission press release, please visit: http://europa.eu/rapid/pressReleasesAction.do?reference=IP/10/1487&format=HTML&aged=0&language=EN&guiLanguage=en.
 
For further information or to arrange interviews please contact:
Joy Bickelhaupt
Tel: 202-540-7157
jbickelhaupt@hausfeldllp.com
 
NOTES TO EDITORS
About Hausfeld LLP and Hausfeld & Co 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

Practice Areas: Antitrust / Competition