Additional Settlement Drives Total Recoveries to Over $835 Million in Air
Cargo Antitrust Litigation
NEW YORK -- May 8, 2014
With an additional recent partial settlement announced today with China
Airlines, Ltd. in the amount of $90 million, plaintiffs have recovered in
excess of $835 million in settlements to date to compensate victims of a
global conspiracy to inflate prices of air freight shipping services. These
partial settlements resolve a nearly decade long case against dozens of major
air freight carriers around the globe. The plaintiffs’ case against the
remaining defendants continues. Of these settlements, more than $475 million
has already received final approval by the court.
This most recent settlement follows several additional settlements obtained by
the plaintiffs on the heels of a class certification hearing at the end of
2013 in the federal Eastern District of New York. The parties are awaiting the
court’s decision on class certification. In separate criminal probes, 21 air
cargo carriers have pleaded guilty to participation in the conspiracy and
agreed to criminal fines in excess of $1.8 billion.
“We’re very pleased with this development, as it brings additional
compensation to the many thousands of businesses harmed by this global
conspiracy to inflate prices for air shipping services,” said Hollis Salzman,
co-lead counsel for the plaintiffs and co-chair of the Antitrust and Trade
Regulation Group at Robins, Kaplan, Miller & Ciresi L.L.P. in New York.
Robins, Kaplan, Miller & Ciresi L.L.P. attorney Meegan Hollywood also
represents the plaintiffs.
The litigation, formally titled In re Air Cargo Shipping Services Antitrust
Litigation, MDL No. 1775, is pending before the Hon. John Gleeson and
Magistrate Judge Viktor V. Pohorelsky.
About Robins, Kaplan, Miller & Ciresi L.L.P.
Robins, Kaplan, Miller & Ciresi L.L.P. (http://www.rkmc.com) celebrates 75
years as a litigation firm whose clients include numerous Fortune 500
corporations, emerging markets companies, entrepreneurs, and individuals as
both plaintiffs and defendants. With more than 220 lawyers located in Atlanta,
Boston, Los Angeles, Minneapolis, New York and Naples (FL), the firm is
frequently engaged in high-stakes, complex litigation with significant
bottom-line implications for clients. Its business lawyers handle complex
transactions in a variety of market segments and industries.
for Robins, Kaplan, Miller & Ciresi L.L.P.
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