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Malaysia settles price-fixing class action suit

By control on July 15, 2011

Malaysia Airlines will pay $3.2 million to settle a class-action lawsuit brought against the carrier due to its part in the ongoing price-fixing scandal.

The firms Kaplan Fox; Labaton Sucharow; Levin, Fishbein, Savran & Berman; and Hausfeld LLP have been representing purchasers affected by carriers who fixed prices. Kaplan won the Malyasi settlement, and last month, Hausfield settled with British Airways and LAN Airlines for more than $150 million.

Now that Malaysia has settled, 12 of 42 carriers have agreed to pay money to claimants. Air France-KLM/Martinair and Lufthansa have paid out some of the heftiest fees associated with the class-action suit, doling out $87 and $85 million, respectively.

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