Air Cargo Settlement

Noticed this on the local newspaper yesterday: http://www.aircargosettlement.com/

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If you purchased air cargo shipping services within, to or from either the United States or Canada from January 1, 2000 to September 11, 2006, your rights could be affected by one or more proposed class action settlements. You are a Class Member if you purchased air cargo shipping services, from ANY air cargo carrier, for shipments within, to, or from either the United States or Canada. This includes services purchased through freight forwarders. There are separate settlements in the United States and Canada. You may be a Class Member in both settlements.

The settlements would partially resolve lawsuits in the United States and Canada. In the lawsuits, Plaintiffs allege that Deutsche Lufthansa AG, Lufthansa Cargo AG, and Swiss International Air Lines Ltd. ("Lufthansa"), along with numerous other air cargo carriers, conspired to fix the prices of airfreight cargo shipping services in violation of U.S. antitrust law and Canadian competition law. As a result of this alleged conduct, Plaintiffs allege that they and other members of the Class paid more for airfreight cargo shipping services than they would have paid in the absence of this alleged conduct. By entering into the settlements, Lufthansa does not admit that it engaged in the unlawful conduct alleged and would assert a number of defenses to the Plaintiffs' claims if the litigation were to proceed further. However, Lufthansa has agreed to enter into the settlements in order to avoid the expense, burdens, and risks of further litigation, and to put to rest this controversy with its valued business customers.

To resolve the claims against it concerning airfreight cargo shipping services within, to, or from the United States, Lufthansa has agreed to pay $85 million for valid Class Member claims and to cooperate in the prosecution of claims against the remaining Defendants who are not part of the U.S. settlement. To resolve the claims against Lufthansa concerning airfreight cargo shipping services within, to, or from Canada, Lufthansa has agreed to pay $5,338,000 USD into a Canadian Fund that Canadian Class Counsel will request to be held in trust for the future benefit of the Canadian Classes.