Cathay Pacific To Pay $4.5M To Settle Canadian Cargo Suits
Law360, Washington (November 30, 2015, 7:37 PM EST) -- Cathay Pacific Airways Ltd. announced Friday it would shell out CA$6 million ($4.5 million) to settle a group of antitrust class actions in Canada accusing it of colluding with other airlines to raise international air cargo rates.
Cathay Pacific offered few details on the settlement or the class actions themselves, which are among the numerous suits against it and others based on U.S. Department of Justice and European Commission investigations that alleged the air freight industry used meetings, conversations and other communications to determine the rates the airlines should charge for various cargo routes.
"Along with other airlines, Cathay Pacific is...
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