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Investigations

Air Cargo

This antitrust lawsuit claims that the defendant airlines conspired to fix and raise prices of airfreight shipping services by, among other things, coordinating surcharges (such as fuel and security surcharges) and by agreeing to eliminate or prevent discounting of surcharges. The lawsuit claims that, as a result, purchasers paid more for airfreight shipping services than they otherwise would have paid. To date, more than $900 million has been recovered for members of the class. The firm’s client, Benchmark Export Services, Inc. is one of six class representatives in this case. In re Air Cargo Shipping Services Antitrust Litig., MDL No. 1775 (E.D.N.Y. 2006).

In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent updates regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases. Also, the brokercheck report linked to some of our blogs is the up-to-date version as of the date of posting. Visitors may check the most recent version of each brokercheck report at www.finra.org.

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