El Al Israel Airlines Ltd. Lawsuit

$20 million settlement in cargo services price fixing lawsuit.

El Al Israel Airlines Ltd. pays $20 million settlement in cargo services price fixing lawsuit.

Washington, DC: (May-26-08) The US Department of Justice Antitrust Division brought a lawsuit against El Al Israel Airlines Ltd., alleging that the company engaged in price fixing on cargo services in 2000-2006. El Al was one of the several airlines that were investigated by the Department of Justice. Records show that British Airways plc and Korean Airlines both paid a $300 million fine to resolve similar allegations with the department. In an announcement made by the company, El Al officials stated that El Al Israel Airlines Ltd. will make a $20 million provision in its financial report for a possible settlement with the US Department of Justice Antitrust Division. Sources say that El Al's decision to make the $20 million provision apparently reflects an assessment that this will be the fine reached in a settlement. The airline's spokespersons stated that the settlement was a precautionary measure and not an admission of liability.

El Al Israel Airlines Ltd. in the News

[TRADING MARKETS: El Al Israel Airlines Ltd.]
Search for: El Al provides $20m against US fine: The US Department of Justice investigated charges of price fixing on cargo services in 2000-2006 by airlines.

Legal Help

If you have a similar problem and would like to be contacted by a lawyer at no cost or obligation, please click the link below. Related Law Suits

El Al Israel Airlines Ltd. Law Suit and Settlement

International Airlines Law Suit and Settlement

$7.5 Million Settlement Proposed in Gillette M3P Power Razor Class Action Law Suit and Settlement

Native American Farmers, Ranchers and USDA Reach Historic Settlement Law Suit and Settlement

City of Fargo Reaches Potential Settlement in Traffic Fines Class Action Law Suit and Settlement

Comcast Agrees Tentative $16 Million Settlement in Consumer File Sharing Class Action Law Suit and Settlement

Expedia Class Action Settlement Proposed for $123.4 Million Law Suit and Settlement

Junk Faxes Class Action Settlement Law Suit and Settlement

Settlement Proposed in Class Action Against Facebook Law Suit and Settlement

Comverse Shareholder Settlement Agreed at $225 Million Law Suit and Settlement

See more stories from this source.

Class Action Law Suits

Newsworthy Law Suits
Defective Products Lawsuits
Discrimination Lawsuits
Drug & Medical Claims Lawsuits
Food & Dietary Supplement Lawsuits
Insurance Lawsuits
Malpractice Lawsuits
Personal Injury Lawsuits
Real Estate Lawsuits
Investment Fraud Lawsuits

Lawyers! Become an Approved Expert to Answer Questions.

Apply Now!
You'll get lots of targetted traffic to your website and new client leads!