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US law firm files suit against Korean Air Lines.

AIRLINE INDUSTRY INFORMATION-(C)1997-2007 M2 COMMUNICATIONS LTD

Seattle, United States-based law firm Hagens Berman Sobol Shapiro said it has filed a class action lawsuit against Korean Air Lines (NYSE: KAL) on 8 August 2007 on behalf of passengers.

The passengers are allegedly claiming the airline illegally conspired with competitors to fix pricing for flights between the United States and Korea for both airline passengers and cargo flights.

Additionally, the complaint claims the airline is in violation of both the Sherman Antitrust Act and the Clayton Antitrust Act, the first of which Korean Air has reportedly admitted guilt to in a deal with the U.S. Justice Department's antitrust division and has agreed to a USD300m fine for its actions.

According to the law firm, the fine is the first in the antitrust division's investigation into the airline industry.

The named plaintiff, James Van Horn, filed the suit on behalf of himself and all others who purchased a ticket on Korean Air from 1 January 2000 until at least 16 July 2006.

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Publication:Airline Industry Information
Date:Aug 13, 2007
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