(PRWEB) February 05, 2016
Kaplan Fox & Kilsheimer LLP (http://www.kaplanfox.com) announces a $50 million settlement subject to court approval between Air China Ltd. and Air China Cargo Co. Ltd. (“Air China”) and a plaintiff class in In re: Air Cargo Shipping Services Antitrust Litigation, 06-MD-1775 (JG) (VVP), a multi-district litigation pending in the United States District Court for the Eastern District of New York.
To date, plaintiffs have entered into settlements with 26 defendant groups totaling $1.19 billion, of which settlements with 22 defendant groups for $848 million have been granted final approval by the court.
“Kaplan Fox has been involved with this landmark class action for almost a decade, and we’re very pleased with the favorable rulings and compensation we’ve achieved to date for the class,” said Robert Kaplan, partner with Kaplan Fox and co-lead attorney in the Air Cargo class action litigation. “The settlement with Air China is no exception and the outcome represents a major win for the class plaintiffs.”
This litigation is still pending against two defendants, Air India Ltd. and Air New Zealand Ltd., and plaintiffs are preparing for a September 2016 trial against them.
Kaplan Fox serves as one of four co-lead counsel representing a class of direct purchasers from defendants of air cargo shipping services for shipments to or from the United States between January 1, 2000, and September 30, 2006, seeking compensation for alleged overcharges sustained as a result of a price-fixing conspiracy alleged against more than two dozen airlines.
For more information about the firm, including pending cases and landmark settlements, please visit: http://www.kaplanfox.com.
You may contact the following Kaplan Fox attorneys about the case and the settlement at (212) 687-1980:
Robert N. Kaplan: rkaplan(at)kaplanfox.com
Gregory K. Arenson: garenson(at)kaplanfox.com