Precision Associates, Inc. et al., v. Panalpina World Transport (Holding) LTD. et al, 08-cv-0042 (E.D.N.Y.)

February 20, 2015

On February 20, 2015, the Honorable John G. Gleeson preliminarily approved a settlement with Defendants Dachser GmbH & Co., KG and Dachser Transport of America, Inc., for $2.5 million plus certain future payments. This settlement brings the total recovery in the case to approximately $205 million plus certain future payments. Lovell Stewart is co-lead counsel in this action alleging that the leading freight forwarders agreed to fix, inflate, and manipulate their charges. Class Members can find additional information on Contact Benjamin M. Jaccarino, Esq. (