Freight Forwarding Antitrust

CPM recently filed a motion to approve additional settlements in the Freight Forwarding antitrust class action in federal court in Brooklyn, New York. This case involves a global conspiracy to fix the prices of freight forwarding services – shipments of packages and cargo by air and by sea – by companies such as UPS and DHL. The recently announced settlements will return more than $200 million which has been recovered for the class so far. The case continues against the remaining defendants.