ACE – Air cargo price-fixing settlement tops US$1.2billion

ACE – Air cargo price-fixing settlement tops US$1.2billion

VOLUNTARY settlement payments in a class-action price-fixing litigation case brought by air cargo customers against 28 major airlines has reached US$1.2 bn.

Air New Zealand is the latest carrier to settle the litigation (see updated list, below), having agreed to pay $35m to direct purchasers of air freight shipping services, says a statement from Hausfeld, a global claimants’ law firm dedicated to handling such complex litigation, writes Thelma Etim.

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Skills

Posted on

July 21, 2016

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