Freighter Cos. To Pay $29M In Price-Fixing Class Action

Law360, New York (September 20, 2011, 10:01 PM EDT) -- Deutsche Bahn AG, EGL Inc. and Vantec Corp. on Tuesday agreed to pay a combined $29 million to settle a putative class action in New York accusing them and dozens of other companies of fixing prices in the international freight forwarding industry.

The plaintiffs, a putative class of direct purchasers led by Mail Boxes Etc. Inc., Precision Associates Inc. and JCK Industries Inc., asked the court to approve the deals and certify the settlement class.

Deutsche Bahn and its affiliated companies, Schenker AG, Schenker Inc., Bax...
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