Michael Hausfeld’s law firm helped to oversee the extraction of an additional $200 million during the past 12 months from air carriers accused of a massive conspiracy to fix prices for hauling cargo, bringing the total take from 17 settlements during the past three years to $485 million.
Hausfeld LLP was one of four lead firms (along with Kaplan Fox, Labaton Sucharow, and Levin, Fishbein, Sedran & Berman) against Deutsche Lufthansa A.G., Swiss International Air Lines A.G., and nearly 30 additional defendants. The team managed more than 60 law firms in the action. The alleged price-fixing is thought to have inflicted billions of dollars in overcharges on direct and indirect purchases of air cargo shipping services.
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