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Korean Air Lines might have illegally overcharged airline passengers flying between the U.S. and Korea.
Investigation Source
- Nationwide
Investigation Scope
Category Information
Investigation Topics
- Over Charge
- Price Fixing
- Anti-Competitive Behavior
Product or Service
- Airline Tickets
Injury Type
- Monetary Loss
Investigation Details
Investigation and pending class action lawsuit against Korean Air Lines on behalf of passengers 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.
The class action 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 admitted guilt to in a deal with the U.S. Justice Department's antitrust division and has agreed to a $300 million fine for its actions. The fine is the first in the antitrust division's investigation into the airline industry.
The class action 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 admitted guilt to in a deal with the U.S. Justice Department's antitrust division and has agreed to a $300 million fine for its actions. The fine is the first in the antitrust division's investigation into the airline industry.
Defendant Details
| Name (Stock Symbol) | Brief Description |
|---|---|
| Korea Air Lines | Korea Air Lines is a commercial airlines. |