Former Qantas Exec To Plead Guilty To Price-Fixing

Law360, New York (May 8, 2008, 12:00 AM EDT) -- A former top-ranking executive of Qantas Airways Ltd. has agreed to plead guilty to his role in a conspiracy among several international airlines to fix rates for air cargo shipments, federal investigators said Thursday.

Bruce McCaffrey, former Qantas vice president of freight for the Americas, will plead guilty to price-fixing, serve eight months in jail and pay a $20,000 criminal fine, the U.S. Department of Justice said.

McCaffrey and his co-conspirators are accused of violating the Sherman Act by allegedly scheming to fix rates on air...
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