Labaton Sucharow LLP serves as Co-Lead Counsel in this lawsuit filed on behalf of a proposed class of Plaintiffs who purchased airfreight shipping services directly from Defendants, certain major domestic and international air cargo carriers.

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 and the present. The case is pending before the Honorable John Gleeson in the Eastern District of New York.

Lufthansa, a Defendant in the case and one of the largest airfreight services providers in the world, agreed to settle the U.S. portion of the case against it for $85 million, as well as to cooperate with Plaintiffs by providing critical evidence of the conspiracy. On September 25, 2009, Judge Gleeson granted final approval of the settlement. For additional information about the settlement please visit www.aircargosettlement.com. Additionally, 15 Defendants have pled guilty to their role in the conspiracy, and one Defendant was accepted into the Department of Justice’s Amnesty Program.

On August 21, 2009 the Court upheld Plaintiffs’ direct purchaser claims under the Sherman Act. Discovery in the case is proceeding.