Comment on United Airlines will pay $2.4 million to settle with SEC

United Airlines will pay $2.4 million to settle with SEC

WASHINGTON (AP) — The parent company of United Airlines will pay $2.4 million to settle civil charges by securities regulators over flights that were started to help an official who oversaw one of the airline's hub airports. Andrew Calamari, director of the SEC's New York regional office, said United started a money-losing flight just to curry favor with a public official and didn't give an accurate account of its reasons for the route and its likely financial impact.

 

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