Kaplan Fox announces that a federal judge has granted final approval to three settlements totaling $190.4 million  

March 24, 2016

 

Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) announces that the court has granted final approval to three settlement agreements totaling $190.4 million with the following air carrier defendants: (1) Asiana Airlines, Inc. for $55,000,000; (2) Nippon Cargo Airlines Co., Ltd. for $36,350,000; and (3) EVA Airways Corporation for $99,000,000 in In re: Air Cargo Shipping Services Antitrust Litigation, 06-MD-1775 (JG) (VVP), a multi-district litigation pending in 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 24 defendant groups for $1.039 billion have been granted final approval by the court, and settlements with two defendant groups, including Air China Ltd. and Air China Cargo Co. Ltd. (“Air China”) and Polar Air Cargo LLC, f/k/a Polar Air Cargo, Inc., Polar Air Cargo Worldwide, Inc., and Atlas Air Worldwide Holdings, Inc. (“Polar Air Cargo”) totaling $150 million have been granted preliminary approval by the court.

The case is still pending against two defendant groups, including Air India Ltd. and Air New Zealand Ltd., and trial is set to begin on September 19, 2016. 

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 over two dozen airlines.

You may contact the following Kaplan Fox attorneys about the case and the settlement at (212) 687-1980:
Robert N. Kaplan:   This e-mail address is being protected from spambots. You need JavaScript enabled to view it  
Gregory K. Arenson: This e-mail address is being protected from spambots. You need JavaScript enabled to view it