Mergers & Antitrust Law News

Flight Fare Conspiracy Class Counsel Awarded Another $14 Million

Nov. 29, 2019, 4:46 PM

Class counsel will take home $14 million of a $56 million settlement between All Nippon Airways Co. and consumers alleging the airline conspired with others to fix the prices of Transpacific flights, the Northern District of California ruled.

The deal is the third and final settlement in the antitrust litigation and brings the total class settlement fund to $136 million. Class counsel’s total fee award comes to $34 million, 25% of the fund.

Class counsel sought a third of the ANA settlement, $18 million. But the court reduced the fee, finding that the two earlier settlements reduced class counsel’s financial...

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