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Cargolux Wins Initial OK For $35M Price-Fixing Deal

Law360 (January 7, 2011, 12:58 PM EST) -- A federal judge has granted Cargolux Airlines International SA initial approval for a $35.1 million deal to settle the multidistrict litigation accusing the carrier of participating in a widespread price-fixing plot in the air cargo industry.

Judge John Gleeson of the U.S. District Court for the Eastern District of New York preliminarily signed off on the class settlement Thursday. In addition to creating a $35.1 million settlement fund, the agreement calls for Cargolux to provide "significant cooperation" to the plaintiffs as they continue to pursue similar...
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