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June 9, 2011
Labaton Sucharow LLP Secures Additional $155.5 Million in Settlements in In re Air Cargo Shipping Services Antitrust Litigation
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In re Air Cargo Shipping Services Antitrust Litigation - Partial Settlement
Obtaining almost half a billion dollars in partial settlements against 50 defendant airlines on six continents, we continue to prosecute this trans-global conspiracy.
Labaton Sucharow, as co-lead counsel, has obtained over $450 million in partial settlements to date to resolve claims that certain defendants fixed the prices of air freight service.
In this litigation, plaintiffs allege that defendants participated in a global conspiracy to unlawfully inflate the prices charged to ship goods by air transportation between January 1, 2000 through September 11, 2006. The case is pending before the Honorable John Gleeson in the Eastern District of New York. Additionally, 23 defendants have pled guilty to their role in the conspiracy and one defendant was accepted into the Department of Justice's Amnesty Program.
The Court has granted preliminary or final approval of these settlements with the following defendants: Deutsche Lufthansa AG, Lufthansa Cargo AG, Swiss International Air Lines Ltd., Société Air France, Koninklijke Luchtvaart Maatschappij N.V., Martinair Holland N.V., Scandinavian Airlines System, SAS Cargo Group A/S, Japan Airlines International Co., Ltd., AMR Corporation, American Airlines, All Nippon Airways, Cargolux Airlines International S.A., Thai Airways International Public Company Limited, Qantas Airways Limited, British Airways plc, LAN Airlines S.A., Malaysia Airlines, South African Airways Limited and Saudi Arabian Airlines Ltd.
For additional information about these settlements, please visit www.aircargosettlement.com and www.aircargosettlement2.com. The case continues against the remaining defendants.