Bruce McCaffrey, the former highest-ranking U.S. executive of Qantas Airways Limited, agreed to a plea deal with federal prosecutors Thursday to serve eight months in prison and pay a $20,000 fine. McCaffrey was charged with violating the Sherman Act by engaging in a conspiracy to fix air cargo rates between 2000 and 2006. If approved, the deal will require McCaffrey to cooperate with an ongoing investigation by the Justice Department's antitrust division into price-fixing within the airline industry.
May 12, 2008 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Bruce McCaffrey, the former highest-ranking U.S. executive of Qantas Airways Limited, Australia’s largest airline, agreed to a plea deal with federal prosecutors Thursday to serve eight months in prison and pay a $20,000 fine.
The deal, which is subject to approval by the U.S. District Court for the District of Columbia, requires McCaffrey to cooperate with an ongoing investigation by the Justice Department’s antitrust division into price-fixing within the airline industry.
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