Singapore Airlines Pays $92.4M To Exit Air Cargo Cartel MDL

Law360, New York (December 20, 2013, 12:57 PM EST) -- The cargo unit of Singapore Airlines Ltd. announced on Friday that it will pay $92.4 million to settle allegations that it colluded with other airlines to manipulate prices of freight shipping to and from the U.S., becoming the latest company to exit the sprawling multidistrict litigation underway in New York federal court.

The airline said it had recently completed extensive discussions with the consumer plaintiffs in the case and determined that the settlement payment was in the best interests of the company. Singapore Airlines also stressed...
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