Asiana Airlines, the most recent defendant to bow out of the litigation, has agreed to pay $55 million to direct purchasers of air cargo shipping services. In all, twenty-five defendants have settled for over $900 million:
According to Brent Landau, Partner at Hausfeld, “We are proud to announce the fifth settlement reached this year, now having obtained well over three quarters of a billion dollars in compensation from 25 different airlines for class members harmed by this seven year cartel.”
The Plaintiffs’ motion for class certification is fully briefed and pending decision. Nearly half of the original defendants in the civil action brought by Hausfeld 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.
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NOTES TO EDITORS
Hausfeld is the leading global law firm that the world’s leading organizations trust with their most complex competition matters. Our international reach enables us to advise across multiple jurisdictions and pursue claims on behalf of clients worldwide. We work closely with clients to deliver outstanding results while always addressing their business concerns. We do so by anticipating issues, considering innovative strategies, and maximizing positive outcomes of legal disputes in a way that creates shareholder value. Our risk-free approach ensures that our interests are closely aligned with the interests of our clients.
For further information please visit: www.hausfeld.com.