El Al settles U.S. price-fixing case

28.05.2012                      07.Siwan. 5772                    Schawuoth 2

Kartellstrafe:

El Al settles U.S. price-fixing case

In settling for $15.8m as one of 39 carriers, Israeli firm admits no wrongdoing.

El Al Israel Airlines has agreed to pay $15.8 million to settle a class-action suit in New York over a claim that the company and 38 other carriers engaged in price-fixing in the United States on air cargo rates.
The settlement, which does not constitute an admission of wrongdoing by El Al, was disclosed in the company's first-quarter report released before the Shavuot holiday….