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

December 28, 2015

On December 28, 2015, the Honorable John G. Gleeson preliminarily approved the Plaintiffs settlement for $53,000,000 with 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.; Air Express International USA, Inc. (“the DHL Defendants”). This brings the total amount of settlements to approximately $350 million. 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 Contact Benjamin M. Jaccarino, Esq. (