BA, Virgin Settle Price-Fixing Class Action For $200M

Law360, New York (February 15, 2008, 12:00 AM EST) -- In what has been described as a historic settlement, British Airways PLC and Virgin Atlantic Airways Ltd. have agreed to pay a combined $200 million to passengers who sued the airlines for fixing fuel prices on international flights.

The deal, announced Friday, resolves the antitrust class action filed against the carriers in a U.S. federal court. It marks the first time an action has been settled collectively under both U.S. and U.K law, plaintiffs' lawyers said.

“This is the first time non-U.S. citizens have been rewarded...
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