UAL Corp., the parent of United Airlines, Wednesday said it agreed to settle lawsuits that accused the holding company of violating antitrust laws in connection with ticket prices.
UAL also confirmed in its quarterly report filed with the Securities and Exchange Commission that United agreed to settle most of the more than 90 class-action lawsuits that had alleged that United and other air cargo carriers participated in a conspiracy to fix some air cargo surcharges.
Under the air-cargo settlement, United agreed to cooperate with the plaintiffs' factual investigation. UAL said that the terms of the passenger-pricing settlement are similar and that both settlement agreements remain subject to court approval.
The Department of Justice and European regulators are investigating a possible price-fixing conspiracy over some air cargo surcharges and passenger pricing practices on international routes.
UAL repeated that United is cooperating with the investigations and is considered a source of information and not a target.
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