Reports say Germany state-owned railway Deutsche Bahn has sued several airlines for more than $3 billion in damages on allegations of cartel behavior.
Air France, British Airways, Deutsche Lufthansa and Qantas Airways are among the 13 companies accused of forming a cartel to hike air freight costs. Deutsche Bahn’s allegations follow the guilty pleas submitted by more than 20 companies accused of colluding to raise fuel and securities surcharges between 2000 and 2006. The companies faced government crackdowns for the conspiracy within the US, EU, South Korea, Australian and others.
Deutsch Bahn has now filed two suits in the US and Germany to obtain damages from the airline cartel. Reports say the airlines have already settled for more than $1 billion in settlements from class actions cases stemming from the federal antitrust investigations.
Full content: Wall Street Journal
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
T-Mobile Faces Class-Action Lawsuit Over Sprint Merger After Appeal Denied
May 16, 2024 by
CPI
Google Faces Backlash Over Introduction of AI-Generated Summaries in Searches
May 16, 2024 by
CPI
CMA Launches Phase 2 Probe into AlphaTheta’s Acquisition of Serato
May 16, 2024 by
CPI
NFL Executive Escapes Testifying in High-Stakes Trial Over Televised Games
May 16, 2024 by
CPI
EU Consumers Lodge Complaint Against Chinese Retailer Temu Over Content Rules Breach
May 16, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI