HP Wants Deutsche Bahn's $9M Freight Forwarding Deal Nixed

Law360, New York (August 5, 2013, 4:29 PM EDT) -- Hewlett-Packard Co. told a New York federal judge Friday that a proposed $8.75 million class action settlement of claims that a Deutsche Bahn AG unit took part in a freight forwarding cartel is far too low in value and should not be approved.

Opposing final approval of a settlement that would release Deutsche Bahn's Schenker Inc. from a suit alleging price-fixing in the freight forwarding market, HP said the deal is undervalued given Schenker's role in the alleged scheme and includes an unfair opt-out provision that...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.