1. Home
  2. |Insights
  3. |British Airways and Korean Airlines agree to pay more than $300 million each in deal with Antitrust Division

British Airways and Korean Airlines agree to pay more than $300 million each in deal with Antitrust Division

Client Alert | 1 min read | 08.03.07

The Antitrust Division of the U.S. Department of Justice announced on August 1, 2007 that two major airlines will plead guilty to charges that they conspired with other major airlines to fix prices for passenger and cargo services. Each airline will pay more than $300 million in fines for conduct that affected U.S. passengers and shippers.

In the U.S., both British Airways and Korean Airlines were charged with conspiring with competitors to fix rates, including fuel and security surcharges, in violation of Section 1 of the Sherman Act (15 U.S.C. §1).

Also on August 1, the United Kingdom’s Office of Fair Trading (OFT) announced that British Airways had agreed to pay roughly $275 million in fines to that agency. The timing of these announcements demonstrates close coordination between U.S. and foreign antitrust authorities.


Insights

Client Alert | 6 min read | 03.26.24

California Office of Health Care Affordability Notice Requirement for Material Change Transactions Closing on or After April 1, 2024

Starting next week, on April 1st, health care entities in California closing “material change transactions” will be required to notify California’s new Office of Health Care Affordability (“OHCA”) and potentially undergo an extensive review process prior to closing. The new review process will impact a broad range of providers, payers, delivery systems, and pharmacy benefit managers with either a current California footprint or a plan to expand into the California market. While health care service plans in California are already subject to an extensive transaction approval process by the Department of Managed Health Care, other health care entities in California have not been required to file notices of transactions historically, and so the notice requirement will have a significant impact on how health care entities need to structure and close deals in California, and the timing on which closing is permitted to occur....