BERLIN, March 2, 2015 /PRNewswire/ -- Deutsche Bahn (DB) AG, the German railway company, today issued the following statement in connection with a Wall Street Journal report about the air cargo cartel litigation brought by its logistics subsidiary, Schenker AG:
"Deutsche Bahn can confirm that its logistics subsidiary, Schenker AG, has dismissed its claims against Nippon Cargo, SAS and Cargolux in the air cargo cartel lawsuit brought in the Eastern District of New York. Schenker will continue to pursue its claims against other air carriers and seek damages relating to the air carriers' anticompetitive conduct alleged in the U.S. cartel lawsuit, based on the legal principle of joint and several liability. Schenker plans to pursue its rights vigorously."
Air cargo carriers that had been found guilty by the U.S. Department of Justice, the European Commission and other international authorities of operating a global price-fixing cartel face damages of approximately $3.7 billion in the U.S. lawsuit and in lawsuits brought by Deutsche Bahn and other companies in Germany. In the U.S., Schenker is seeking damages estimated at approximately $370 million, and that number could increase to an estimated $1.1 billion if the court awards treble damages in the case.
Information about the lawsuits can be found at www.aircargocartelclaims.com.
DB Group offers global mobility and logistics services and operates in more than 130 countries world-wide. Every day more than 300,000 employees are committed to ensuring that customers are provided with mobility and logistics services and that the related rail, road, ocean and air traffic networks are operated and controlled efficiently.
Issued by Deutsche Bahn AG
Potsdamer Platz 2, 10785 Berlin, Germany
Responsible for content:
Oliver Schumacher, Head of Corporate Communications
Germany, Europe, Africa, Middle East:
Jens-Oliver Voss
Head of Communications, Compliance,
Privacy, Legal Affairs and Corporate Security
Tel.: +49 (0) 30 297 61030
Fax: +49 (0) 30 297 61919
[email protected]
www.deutschebahn.com/presse
USA, Asia, ROW:
John Weckenmann
Ketchum Inc.
Tel.: +1 646 935 4086
[email protected]
SOURCE Deutsche Bahn AG
Related Links
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article