$197 Million Settlement in Price-Fixing Lawsuit Involving Freight Companies - Now Over $300 Million - New York
CPM reached an additional $197 million in settlements with defendants in the freight forwarding price-fixing class action. Settlements have now been reached with nineteen (19) additional Defendants. Plaintiffs previously reached settlements with defendants totaling over $100 million. The lawsuit claims that certain freight forwarding companies conspired on prices for their freight forwarding services worldwide. “Price-fixing conspiracies destroy our economic system and must be challenged by lawyers acting in the public interest, government regulators and industry whistleblowers,” said Adam Zapala.