Air cargo record fines

Air France-KLM and Martinair face a claim for up to €500m (£430.8m) from European companies over allegedly fixing the price of air cargo.  A law firm representing the claimants estimated that the total damages could exceed that amount once money for the harm suffered since 2000 is taken into account.  Claims Funding International (CFI) has served a writ on Air France/KLM for what could be a record cartel damages case.

CFI said there were several hundred claimants in the action from 11 EU countries, and numerous industries including the pharmaceutical, automotive, electronics, food and fashion sectors. www.claimsfunding.eu

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