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American Airlines Settles Price Fixing Class Action

Dallas, TX A class action lawsuit against American Airlines could be settled on news that the airline has agreed to pay $5 million and provide evidence of other airlines who engaged in price fixing.

The suit, brought by frieght shippers, alleged they were victims of a price-fixing cartel. According to a report by the Associated Press, American Airlines is the first to agree to help the shippers conduct other lawsuits outside the US. The lawyer representing the plaintiffs tol AP that Air France KLM, which said this month it agreed to pay $87 million to settle its role in the same case, refused to offer its help.

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Last updated on Jul-28-10