Newsstand - Lufthansa to Pay $85 Million to Settle U.S. Lawsuits

http://www.bloomberg.com/apps/news?pid=20601100&sid=akJttuy70lYg&refer=germany

Sept. 11 (Bloomberg) -- Deutsche Lufthansa AG, the world's second-biggest air-cargo carrier, said it will pay $85 million to settle 80 U.S. class-action lawsuits in a price-fixing inquiry. It reaffirmed its forecast that 2006 profit will rise.

http://www.iht.com/articles/2006/09/14/business/cargo.php

United Airlines and American Airlines have disclosed settlements in a class-action lawsuit stemming from an investigation into alleged price collusion among carriers in the air cargo industry.

Unlike Lufthansa, which said Monday that it would pay $85 million to settle pending lawsuits in the case, both U.S. carriers said Wednesday that they were not required to make payments.