Class action giant Cohen Milstein Hausfeld & Toll has won a landmark victory in the US courts after securing a $200m (£102m) settlement from British Airways and Virgin in relation to price-fixing, it was announced today (15 February).

The settlement will see £73.5m put aside for just over five million UK residents who will have until 2012 to claim up to £20 for a return flight after both airlines admitted to price-fixing fuel surcharges on flights between August 2004 to March 2006.