Saudi Airline Strikes $14M Deal In Price-Fixing MDL

Law360, New York (August 16, 2011, 7:51 PM EDT) -- Saudi Arabian Airlines Ltd. on Tuesday agreed to pay $14 million to settle multidistrict litigation in a New York federal court accusing a slew of airlines of plotting to fix the rates for air cargo service to and from the U.S.

The settlement amount represents 3.7 percent of Saudi Arabian Airlines' sales of air freight shipping services to and from the U.S. during the class period, January 2000 until September 2006, according to a motion for preliminary approval of the settlement filed in the Eastern District...
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