Air Cargo Companies to Pay $100 Million to Settle Antitrust Lawsuit

Polar Air Cargo, LLC, Polar Air Cargo Worldwide, Inc., and Atlas Air Worldwide Holdings, Inc., the most recent defendants to settle air cargo shipping services antitrust litigation, will pay $100 million to direct purchasers of air cargo shipping services.

Brent Landau Hausfeld

Brent Landau
Hausfeld

This will be the second-largest payment from any settlement in the litigation.

Settlements now total over $1.1 billion:

“We are very proud of what we have accomplished in this case over the past ten years, most importantly the significant compensation we have obtained for victims of this worldwide cartel,” said Brent Landau, a partner at Hausfeld in Washington, D.C.

The case continues against the three airline defendants remaining in the case: Air China, Air India, and Air New Zealand.

Last year, the district court granted certification of a class of direct purchasers of air cargo shipping services, and the U.S. Court of Appeals for the Second Circuit declined to hear an interlocutory appeal of that ruling.

The district court also denied the defendants’ motions for summary judgment and granted summary judgment motions filed by the plaintiffs.

A trial is set for September 2016.

Nearly half of the original defendants in the civil action brought by Hausfeld and other law firms in February 2006 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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