Washington, DC (PRWEB) August 02, 2012
Hausfeld LLP, a global plaintiffs’ law firm dedicated to handling complex and class action litigation, announces that plaintiffs’ settlements with nine defendants, totaling $207 million, have received final approval from Judge John Gleeson in In re Air Cargo Shipping Services Antitrust Litigation, MDL 1775 (E.D.N.Y.). Hausfeld LLP serves as Co-Lead Counsel in the case. This is in addition to the approximately $278 million of settlements that have already received final approval by the Court.
According to Michael Hausfeld, Chairman of Hausfeld LLP, “The approval of these additional settlements is an excellent result for the US class, which has now 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 in the adjacent chart, the total recovery in the case has exceeded $485 million, with eleven other airlines remaining as defendants in the litigation.
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.
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NOTES TO EDITORS
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