LATAM Airlines settles old bribery case with DOJ

• LATAM Airlines (LFL -1.9%) agrees to pay a $12.75M fine as part of a settlement with the Department of Justice.
• The Chilean carrier's predecessor paid bribes to Argentinian officials by creating a fake third-party vendor in a case that dates back almost ten years.
• Shares of LFL are up 62% YTD.
• DOJ press release