Class Plaintiffs allege that Korean Air and Asiana Airlines participated in an unlawful conspiracy to fix, raise, maintain, and stabilize the prices of passenger air transportation services purchased in the United States for flights originating in the United States and ending in the Republic of Korea or flights originating from the Republic of Korea and ending in the United States. In exchange for the release of claims, Korean Air settled with $39 million in cash and $26 million in travel coupons for future travel. Asiana settled with $11 million in cash and $10 million in coupons.
As the coupon administrator and designated market maker in the settlement, CCC will facilitate the transfer and redemption of coupon codes. CCC will also create a secondary market in which people can sell and buy coupon codes using its propriety programs.
Counsel for Plaintiffs:
Jeff S. Westerman (Milberg L.L.P)
Marc M. Seltzer (Susman Godfrey L.L.P)
Susan G. Kupfer (Glancy Prongay & Murray L.L.P)
Counsel for Defendant:
Donald Morrow (Paul Hastings L.L.P)