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AA Equity Update, October 6, 2016
Category: Bankruptcy
TWU AA/AE Equity Distribution
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AA Equity Q&A, December 4, 2015
How much equity did TWU hold back? TWU held back 14% of the equity. Why did TWU hold back 14% of equity? It was estimated that this would permit TWU to satisfy any judgment obtained by plaintiffs, while also covering legal and administrative expenses incurred. Where is the reserve fund being currently held? TWU has…
Update Regarding Equity Distribution Litigation
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UPDATE: 1099-B sent in the Mail…
After a short conversation with the Computershare people. I have found out that the 1099-B that was sent in the mail is for the shares that were sold to cover the Taxes of the award. Due to the fact that the shares were sold, Computershare is required by law to send the 1099-B. If you have…
Get your 1099-B – Proceeds from Broker and Barter Exchange Transactions
If you are looking for your 1099-B related to your AA Common Stock sale from our TWU Equity Settlement, you will find it on Computershare. Log into your Retireeonline.com account then select AAL Common Stock -> From there, Go to you Common Stock Awards and select View Account – > Then from the Left Dark…
Equity and Taxes
Anyone that sold equity shares of stock last year will need to include the 1099B when filing their 2014 income tax. These forms do not have to be mailed out until Feb, 16. They also will be available online at your 401K web site (retireonline.com), under AAL Common stock, then Correspondence. These are produced…
Update Regarding the AA Equity Distribution Plan Lawsuits
In September, the Court dismissed the Demetris complaint because it failed to allege sufficient facts to state a claim for breach of the duty of fair representation. But the court granted the plaintiffs one more chance to amend their complaint to try to plead allegations sufficient to state such a claim. The plaintiffs then filed…
January 23, 2015 – Disputed Claims Reserve update
Dear Brothers and Sisters: American plans to make another distribution of shares to unsecured creditors from its Disputed Claims Reserve (DCR). The DCR holds shares set aside for resolution of certain claims in the bankruptcy proceedings. When American prevails or settles such claims, shares initially held aside for those claims can be distributed. Once again…
29D Grievance on Flex Vacation – DENIED.
Dear Brothers and Sisters: We have just been notified that the Union did not sustain the Flex Vacation Grievance. I encourage every member to read the arbitrators decision and response by TWU International AA System Coordinator David Virella. We are very disappointed in the arbitrators decision. This decision does not recognize the fact that members…