Global disputes: On the up
The air cargo price-fixing litigation looks promising from a plaintiffs lawyer's perspective. Since US and European antitrust authorities raided the offices of more than a dozen airlines in February 2006, settlements and fines have been racking up. The US Department of Justice has levied more than $1.6bn (£1bn) in fines against 15 airlines and air cargo companies. In 2006, Deutsche Lufthansa settled claims from a class of US plaintiffs for $85m (£54m). Class actions against other airlines are pending in the US and Australia.
June 25, 2009 at 04:48 AM
4 minute read
Third-party funding is proving popular, although excessive costs are still seen as a barrier. Richard Lloyd reports
The air cargo price-fixing litigation looks promising from a plaintiffs lawyer's perspective. Since US and European antitrust authorities raided the offices of more than a dozen airlines in February 2006, settlements and fines have been racking up.
The US Department of Justice has levied more than $1.6bn (£1bn) in fines against 15 airlines and air cargo companies. In 2006, Deutsche Lufthansa settled claims from a class of US plaintiffs for $85m (£54m). Class actions against other airlines are pending in the US and Australia.
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