CONTINENTAL OKS TRAVEL AGENT DEAL.Byline: Associated Press Associated Press: see news agency. Associated Press (AP) Cooperative news agency, the oldest and largest in the U.S. and long the largest in the world. Continental Airlines Inc. said Tuesday that it agreed to pay about $5 million to settle a lawsuit filed by travel agents who accuse ac·cuse v. ac·cused, ac·cus·ing, ac·cus·es v.tr. 1. To charge with a shortcoming or error. 2. To charge formally with a wrongdoing. v.intr. the nation's major carriers of conspiring to cap the commissions paid on ticket sales. The airline said it denied all claims in the antitrust lawsuit but decided to settle to avoid risks and expenses of further litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. . Jury selection for the trial against the remaining defendants was set for Tuesday afternoon in U.S. District Court in Minneapolis. Airlines remaining as defendants were American, Delta, Northwest, United and USAir. TWA TWA Time-weighted average, see there settled shortly after the lawsuit was filed last year on behalf of about 33,000 travel agents. The class-action lawsuit came after airlines capped commissions at $50 for any domestic ticket exceeding $500. Agents typically had received 10 percent of the ticket price. |
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