Class action giant Cohen Milstein Hausfeld & Toll has won a landmark victory in the U.S. courts after securing a $200 million settlement from British Airways and Virgin in relation to price-fixing, it was announced Friday. The settlement will see $144 million put aside for just over five million U.K. residents who will have until 2012 to claim up to £20 ($39) for a return flight after both airlines admitted to price-fixing fuel surcharges on flights between August 2004 to March 2006. Under the arrangement — the first-ever transatlantic recovery — the airlines will also pay out $59 million to U.S. passengers over the price-fixing charges. See full story at LegalWeek
