SOURCE: Kaplan Fox & Kilsheimer LLP

July 12, 2010 14:52 ET

Kaplan Fox Announces $87 Million Settlement With Air France, KLM and Martinair

NEW YORK, NY--(Marketwire - July 12, 2010) -  Kaplan Fox & Kilsheimer LLP announced an $87 million settlement subject to court approval with Société Air France ("Air France"), Koninklijke Luchtvaart Maatschappij N.V. ("KLM") and Martinair Holland N.V. ("Martinair") 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. Kaplan Fox serves as one of four co-lead counsels 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.

Air France, KLM and Martinair have also agreed to pay up to $500 thousand in notice costs and to provide substantial cooperation in the prosecution of the action against the remaining defendants. 

On September 25, 2009, Judge John Gleeson granted final approval to an $85 million settlement with Deutsche Lufthansa AG, Lufthansa Cargo AG, and Swiss International Air Lines Ltd. The current settlement will increase the total amount recovered for the class to date to $172 million. 

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