Price-Fixing Settlements Reach $500M With Air Canada Deal

Law360, New York (February 09, 2012, 1:53 PM ET) -- Air Canada on Wednesday resolved allegations that it conspired with other airlines to fix the price of freight shipping to and from the U.S., becoming the latest company to settle in a multidistrict litigation that has now netted customers nearly $500 million.

The Canadian airline's shipping customers asked the New York federal court to approve a $7.5 million settlement that would let Air Canada and affiliate AC Cargo LP off the hook for allegations that they worked with other air freight companies to collude on rates...
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