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Price-Fixing

Ericsson Leads Claim Against Alleged Air Cartel

Published onsdag 29 september 2010 kl 20.10
Ericsson's headquarters in Stockholm.

The Swedish telecommunications giant Ericsson is one of the claimants in an international lawsuit alleging that Air France-KLM was involved in fixing prices for carrying cargo.

The airline is facing damages that could surpass 680 million U.S. dollars, claimed by hundreds of European businesses, spanning fashion to pharmaceuticals.

Reuters reports that the airline has already agreed to pay out 87 million U.S. dollars to settle claims in the United States. But the litigation firm Claims Funding International, representing the claimants, told Reuters that "It is unfair that the airline would pay money to its U.S. victims but not its European victims."

Ericsson has confirmed only that it is one of the lead claimants in the European lawsuit but has provided no further information.

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