Former Qantas Executive Pleads Guilty to DOJ Price-Fixing Charges
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.
