|By Marketwired .||
|May 8, 2014 01:22 PM EDT||
NEW YORK, NY -- (Marketwired) -- 05/08/14 -- Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) announces a $90 Million settlement subject to court approval with China Airlines, Ltd. ("China Air") 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 21 defendant groups totaling $848 million, of which settlements with seventeen defendant groups for $485.5 million have been granted final approval by the court.
These settlements are for significant percentages of defendants' relevant sales of air cargo shipping services to and from the United States. This litigation is still pending against seven defendant groups.
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, from and within the United States seeking compensation for alleged overcharges sustained as a result of a price-fixing conspiracy alleged against over two dozen airlines.