Customers Win Bid To Unseal Testimony In Cargo Cartel MDL

Law360, New York (October 25, 2012, 12:45 PM EDT) -- A New York federal judge on Wednesday unsealed portions of grand jury testimony given during the U.S. government's investigation into a possible air cargo cartel, finding that granting putative class action plaintiffs access to the testimony outweighed the need to keep it secret.

U.S. Magistrate Judge Viktor V. Pohorelsky agreed to disclose parts of two witnesses' grand jury transcripts, after shipping customer plaintiffs in multidistrict litigation accusing several air cargo carriers of fixing freight prices argued that the testimony was relevant to their case. The judge...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.