Hausfeld Announces $90 Million Settlement With China Airlines in Air Cargo
Settlement Brings 2014 Recoveries to $362 Million, Total Recoveries to Nearly
$850 Million; Seven Airlines Remain in the Case
WASHINGTON, May 8, 2014 (GLOBE NEWSWIRE) -- Hausfeld LLP, a global claimants'
law firm dedicated to handling complex litigation, announces that it has
reached another settlement on behalf of the class in the Air Cargo Shipping
Services Antitrust Litigation, pending before Judge Gleeson in the Eastern
District of New York. Hausfeld LLP serves as Co-Lead Counsel in the case.
Taiwan-based China Airlines, the most recent defendant to bow out of the
litigation, has agreed to pay $90 million to direct purchasers of air cargo
shipping services. In all, twenty-four defendants have settled for nearly $850
Defendant Settlement Amount
Air France/KLM/Martinair 87,000,000
American Airlines 5,000,000
Japan Airlines 12,000,000
All Nippon Airways 10,400,000
Thai Airways 3,500,000
British Airways 89,512,000
Malaysia Airlines 3,200,000
South African Airways 3,290,000
El Al Israel Airlines 15,800,000
Air Canada 7,500,000
Korean Air $115,000,000
Singapore Air $92,492,442
Cathay Pacific $65,000,000
China Airlines $90,000,000
According to Michael Hausfeld, Chairman of Hausfeld LLP, "This settlement is
an excellent result for the US class, which has now recovered over three
quarters of a billion dollars in settlements from over twenty different
airlines. We will continue our efforts to pursue recoveries both in the US and
around the world."
The Plaintiffs' motion for class certification is fully briefed and pending
decision. Still left in the case are defendants Air China, Air India, Air New
Zealand, Asiana Airlines, EVA, Nippon Cargo Airlines, and Polar Air Cargo and
its parent Atlas Air Worldwide Holdings.
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, and Melinda Coolidge.
For further information or to arrange interviews please contact:
NOTES TO EDITORS
About Hausfeld LLP
Hausfeld LLP is a global claimants' law firm providing litigation services in
the areas of antitrust/competition law, human rights violations, product
liability, civil rights, sports and entertainment, securities fraud, and
consumer protection. In addition to its Washington DC headquarters, the firm
has offices in Philadelphia, San Francisco, and London.
For further information please visit: www.hausfeldllp.com
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