Lufthansa Settles Air Cargo Suits For $85M

Law360 (September 11, 2006, 12:00 AM EDT) -- Airline Deutsche Lufthansa will pay $85 million to dodge civil lawsuits filed in the wake of an international investigation into price-fixing in the air cargo industry.

The payment will settle all class action suits pending against the company in the United States.

“Upon approval by the court, Lufthansa, including Lufthansa Cargo AG and Swiss International Air Lines Ltd., would be released from the pending U.S. civil class actions,” the airline said Monday.

The carrier also said that it had applied for leniency with the U.S. Department...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.