Expeditors Reaches Deal To Exit Freight Price-Fixing Suit

Law360, New York (May 9, 2012, 6:51 PM EDT) -- Expeditors International of Washington Inc. will pay more than two-thirds of any money it recovers as a class member in an air cargo price-fixing multidistrict litigation to escape a separate suit claiming Expeditors and other freight forwarders perpetrated their own collusion, according to a settlement approved Wednesday.

U.S. District Judge John Gleeson preliminarily signed off a deal — announced in April — that will allow Expeditors to exit a class action that claims it conspired with Deutsche Bahn AG, DHL Express USA Inc., Kuehne & Nagel...
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