News / Hellmann the last to settle as New York freight forwarding antitrust case ends

The last remaining defendant in the antitrust case in New York, brought by shippers against forwarders, has settled for a relatively diminished amount of $550,000.

Hellmann Worldwide Logistics has effectively ended the class action with its one-time payment.

The claimants said the international freight forwarding industry had conspired to fix prices after the September 11 2001 terrorist attacks in New York.

DHL Express USA was the penultimate defendant to settle, after it agreed to pay out $53m in December. Hellmann had reached a ...