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« Press ReleasesHausfeld LLP Announces $15.8 Million Settlement in Air Cargo Case
December 28, 2011 (Washington, DC) ---- Hausfeld LLP, a global plaintiffs’ law firm dedicated to handling complex and class action litigation, announces that plaintiffs have reached a $15.8 million settlement with El Al Israel Airlines Ltd. (“El Al”) in In re Air Cargo Shipping Services Antitrust Litigation (pending in the Eastern District of New York). El Al also has agreed to cooperate in the ongoing case against the remaining defendants. Hausfeld LLP serves as Co-Lead Counsel in the case.
According to Michael Hausfeld, Chairman of Hausfeld LLP, “The settlement with El Al 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 sixteenth settlement in the case so far, bringing the total recovery to nearly $480 million, with a dozen 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 |
|
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 |
|
Total |
$478,365,000 |
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 attorneys working on this case are Michael Hausfeld, Brent Landau, Hilary Scherrer, William Butterfield, and Melinda Coolidge.
Related Case
Practice Areas: Antitrust / Competition
