Air India To Pay $12.5M To End Cargo Antitrust MDL
Law360, Los Angeles (May 19, 2016, 8:51 PM EDT) -- Air India Ltd., the last remaining defendant in multidistrict litigation accusing airlines of fixing prices for cargo shipments, agreed to pay $12.5 million to settle out of the decadelong case, according to documents filed Thursday in New York federal court.
In a motion for preliminary approval of the settlement, the parties urged U.S. District Judge Brian M. Cogan to approve the deal, saying it was fair and reasonable.
“Plaintiffs have avoided the potential risks inherent in complex antitrust class action litigation and secured a substantial cash payment from Air India,” the 18-page filing states. “Reaching such a positive result prior to...
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