Tags: Australia Qantas Price Fixing

Qantas to Pay Settlement in US Price-Fixing Suit

Friday, 14 Jan 2011 01:21 PM

Qantas will pay $26.5 million in a settlement of a freight price-fixing lawsuit in the United States.

Australia's national carrier said Friday that the settlement, subject to court approval, would resolve its liability in the case. Qantas must also cooperate with the plaintiffs in the case.

"In exchange, Qantas is released from claims made by all class members who were direct purchasers of air cargo services to or from the U.S. from January 2000 to 11 September 2006," the airline said.

The U.S. settlement is the latest in a series of settlements the airline has already paid out in other countries for improper conduct in its freight division.

© Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

   
1Like our page
2Share
Markets
Qantas will pay $26.5 million in a settlement of a freight price-fixing lawsuit in the United States.Australia's national carrier said Friday that the settlement, subject to court approval, would resolve its liability in the case. Qantas must also cooperate with the...
Australia Qantas Price Fixing
108
2011-21-14
Friday, 14 Jan 2011 01:21 PM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved