A PYMNTS Company

US: Airlines pay to settle price-fixing class action

By  |  January 11, 2018

In a federal California court three airlines accused of fixing the price of long-haul flights to Pacific destinations have agreed to pay a total of US$29.4 million to settle a proposed class action according to Law360.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    China Airlines agreed to the largest settlement: US$19.5 million in cash plus US$250,000 for notice costs. Philippine Airlines would pay US$9 million, and Air New Zealand would pay US$400,000 plus US$250,000 toward notice costs, according to the motion.

    “We are pleased to present the court with three additional settlements totaling nearly US$30 million in additional recovery for the class, and we look forward to presenting the claims against the remaining two defendants to a jury in the near future,” plaintiffs’ attorney Christopher Lebsock of Hausfeld LLP said in an email Wednesday, January 10.

    Full Content: Law 360

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.