In re Air Cargo Shipping Services Antitrust Litigation

In November 2006, Labaton Sucharow LLP was appointed 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. 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. On August 21, 2009 the Court upheld Plaintiffs' direct purchaser claims under the Sherman Act.

The Court has granted final or preliminary approval of over $450 million in partial settlements with certain Defendants. The case continues against the remaining Defendants. For additional information about these settlements, please visit www.aircargosettlement.com and www.aircargosettlement2.com.