Asiana Cuts $21M Deal In Price-Fixing MDL

Law360, New York (October 12, 2010, 4:13 PM EDT) -- Asiana Airlines Inc. has agreed to pay up to $21 million in cash and travel coupons to settle a multidistrict class action accusing the company and Korean Air Lines Co. Ltd. of fixing the prices of fares between the U.S. and Korea.

Plaintiffs in the case filed a motion Saturday in the U.S. District Court for the Northern District of California seeking approval for the proposed settlement, in which Asiana is also agreeing to cooperate on discovery.

While Asiana has reached terms with the plaintiffs, the...
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