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

April 27, 2015

On April 27, the Honorable John G. Gleeson preliminarily approved the Plaintiffs settlement of the severed claims for $100,000,000 with Defendants (1) Hankyu Hanshin Express Holding Corporation f/n/a Hankyu Express International Co., Ltd. and its subsidiary, Hankyu Hanshin Express Co., Ltd., and its U.S. subsidiary, Hanshin Air Cargo USA, Inc. (collectively "Hankyu Hanshin"); (2) Japan Aircargo Forwarders Association (“JAFA”); (3) Kintetsu World Express, Inc. and its U.S. subsidiary, Kintetsu World Express (U.S.A), Inc. (collectively “Kintetsu”); (4) “K” Line Logistics, Ltd., and its U.S. subsidiary “K” Line Logistics (U.S.A.), Inc. (collectively ““K” Line”); (5) MOL Logistics (Japan) Co., Ltd. and MOL Logistics (USA) Inc. (collectively “MOL Logistics”); (6) Nippon Express Co., Ltd and its U.S. subsidiary, Nippon Express USA, Inc. (collectively “Nippon Express”); (7) Nissin Corporation and its U.S. subsidiary, Nissin International Transport U.S.A., Inc. (collectively “Nissin”); (8) Yamato Global Logistics Japan Co., Ltd., and its U.S. affiliate, Yamato Transport U.S.A. Inc. (collectively “Yamato”); and (9) Yusen Air & Sea Service Co., Ltd. and its U.S. subsidiary, Yusen Air & Sea Service (U.S.A.), Inc. (collectively “Yusen”) and $5,000,000 with Defendants Deutsche Post AG; Danzas Corporation (d/b/a DHL Global Forwarding); DHL Express (USA) Inc.; DHL Global Forwarding Japan K.K.; DHL Japan Inc.; Exel Global Logistics, Inc.; and Air Express International USA, Inc. This brings the total amount of settlements to in excess of $295 million. 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. (