Ticket Buyers Sue To Stop $3B Continental-United Deal

By Pete Brush

Law360, New York (June 30, 2010, 2:32 PM ET) -- A group of 49 individual ticket buyers who say the proposed $3 billion merger between UAL Corp.'s United Air Lines Inc. and Continental Airlines Inc. would hurt airline industry competition have filed a suit seeking to stop the deal.

Higher ticket prices and diminished service are the likely result of the merger, according to the lawsuit filed Monday in the U.S. District Court for the Northern District of California by first-named plaintiff Michael C. Malaney of Michigan and purchasers of airfares from across the U.S....
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