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Thai Airways To Pay $3.5M To Exit Air Cargo MDL

Law360 (February 18, 2011, 3:13 PM EST) -- Thai Airways International Public Co. Ltd. has agreed to pay $3.5 million to settle a multidistrict litigation accusing the carrier of participating in a widespread price-fixing plot in the air cargo industry.

Plaintiffs in the case asked the U.S. District Court for the Eastern District of New York for preliminary approval of the deal on Thursday. In addition to setting up a $3.5 million settlement fund, the agreement also calls for Thai Airways, which has not pled guilty to any criminal price-fixing charges in the U.S.,...
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