Precision Associates, Inc. et al., v. Panalpina World Transport (Holding) LTD. et al, 08‑cv‑0042 (E.D.N.Y.)
On March 9, 2016, the Honorable Brian M. Cogan preliminarily approved the Plaintiffs settlement with the final non-settling Defendants, Defendants Hellmann Worldwide Logistics GmbH & Co. KG, Hellmann Worldwide Logistics Ltd. Hong Kong, and Hellmann Worldwide Logistics, Inc., (“the Hellmann Defendants”). The total amount of settlements in the entire case is approximately $350 million so far. Lovell Stewart is co-lead counsel in this action alleging that the leading freight forwarders agreed to fix, inflate, and manipulate their surcharges. Class Members can find additional information on https://www.freightforwardcase.com. Contact Benjamin M. Jaccarino, Esq. (Bjaccarino@lshllp.com).