Lufthansa's $85M Settlement OK'd In Air Shipping MDL

By Hilary Russ

Law360, New York (September 28, 2009, 3:28 PM ET) -- A federal judge has granted final approval for an $85 million settlement, including more than $14.3 million in attorneys' fees and expenses, between Lufthansa AG and plaintiffs in the massive multidistrict litigation that accused a host of air cargo shipping service companies of a worldwide price-fixing scheme.

Judge John Gleeson said Friday that since he granted preliminary approval in 2008, only two class members had objected to the agreement and just 42 out of more than 300,000 potential class members had opted out, according to his...
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