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    Hausfeld LLP Announces $7.5 Million Settlement in Air Cargo Case

    PRWeb – Wed, Feb 8, 2012

    Hausfeld LLP reaches settlement with Air Canada and AC Cargo LP.

    Washington, DC (PRWEB) February 08, 2012

    Hausfeld LLP, a global plaintiffs’ law firm dedicated to handling complex and class action litigation, announces that plaintiffs have reached a $7.5 million settlement with Air Canada and AC Cargo LP (“Air Canada”) in In re: Air Cargo Shipping Services Antitrust Litigation, MDL 1775, U.S.D.C., Eastern District of New York. Air Canada 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 Air Canada is an excellent result for the US class, which has recovered nearly half a billion dollars in settlements from over twenty different air cargo carriers. We will continue our efforts to pursue recoveries both in the US and around the world.”

    As reflected below, this is the seventeenth settlement in the case so far, bringing the total recovery to over $485 million, with eleven 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


    Air Canada                     7,500,000


    Total                                 $485,865,000

    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.

    For further information or to arrange interviews please contact:


    Joy Bickelhaupt


    Tel: 202-540-7157


    jbickelhaupt(at)hausfeldllp(dot)com

    About Hausfeld 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: http://www.hausfeldllp.com

    ###

    Joy Bickelhaupt
    Hausfeld LLP
    202.540.7157
    Email Information


     

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