SOURCE: Kaplan Fox & Kilsheimer LLP

July 14, 2011 15:09 ET

Kaplan Fox Announces $3.2 Million Settlement With Malaysia Airlines

NEW YORK, NY--(Marketwire - Jul 14, 2011) - Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) announces a $3.2 million settlement subject to court approval with Malaysia Airlines ("MA") 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. In addition, MA will provide notice costs of $150,000.

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.

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