This just in: Summary The panel affirmed the district court’s dismissal of two consolidated actions brought under the Railway Labor Act, alleging a union’s breach of the duty of fair representation in the decision to distribute the proceeds of a bankruptcy settlement to all of its members unevenly. American Airlines, Inc. and American Eagle Airlines,…
TO: AA Locals 501 – 591 RE: Equity Update Dear Sisters and Brothers: As reported in my letter dated March 6, 2017, the breakdown of the equity funds is as follows: AA Reserve Balances as of March 1, 2017: On Deposit with IRS: $ 6,104,241.28 Invested …
Dear Sisters and Brothers: There will be a meeting held at the end of this month regarding the status of the equity stake investments. We will receive a breakdown of the investments at that time. Also, we have not received any additional information as of yet regarding the hearing on December 13th on the Demetris/Ledbettter…
Video of oral arguments from the retiree equity case at the 9th district federal court of appeals on 12-13-16. Testimony begins at 57:35. https://www.youtube.com/watch?v=OJLD4su-bhM&t=57m30s Looks like they deleted the video…
Dear Sisters and Brothers, The fifteen-minutes allowed for each side to present arguments regarding the Demetris/Ledbetter appeal has now been scheduled for Tuesday, December 13, 2016 at 9:30 am in San Francisco before the 9th Circuit Court of Appeals. We will not be informed of which Judges will be sitting on the panel to hear…
New 6/22/16:First Quarter Transport Workers Union of America Reserve Fund 4/4/16: TWU’s in-house counsel has informed us the 5th Disputed Claims Reserve (DCR) distribution took place on Tuesday, March 8, 2016. A total of 4,189 shares were deposited in the TWU’s Trust, bringing the TWU’s Trust share balance to 34,299 shares. As additional information…
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…
Lawsuits update information.
I would like for the membership to take notice that, in the Demetris case, TWU has filed a motion that will give us an additional 30 days to reply to the brief filed by the plaintiff/appellants. It is our understanding that, in the 9th Circuit Court of Appeals, these motions are granted automatically. The motion…
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…