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…
Federal District Court Judge Vince Chhabria has issued his decision on the TWU motion to dismiss the complaint in the Equity Distribution lawsuit and on its motion for summary judgment in the case. The motion for summary judgment argued that plaintiff early-outs and stand-insteads had failed to exhaust their internal union remedies prior to filing…
All members eligible for equity distribution have the right to appeal their number of shares to the TWU Equity Distribution Appeals Committee. All appeals must be submitted before May 9, 2014. Click AA Equity Appeals Form to download the appeal form for employees of American Airlines. The TWU Equity Distribution Appeals Committee will make every effort to…
The 757 Equity Distribution has been placed in your Computershare Account. If you find that the distribution has not been placed in your account. Take a moment and fill out an Equity Appeal Form (Below) and mail it in. We have 30 days to get this done. Also we are asking that you please contact…
Today the TWU distributed the 757 grievance portion of our equity shares into our Computershare account. The total number of shares distributed to Eligible Members was based on straight time “All-In” rate on September 29, 2011 (Date of the outsourcing notice). Thanks, Dale Danker President TWU local 514 Other Items of interest: You Received your shares. Now What?…
UpDate: The original calculator has been revised to include approximately 189,000 additional shares which were distributed to members from the reserve in order to maintain (and not exceed)the targeted 14% reserve. Link to JP Morgan site HERE
To All, Tomorrow as reported by the company, our “Day 120” equity shares will be placed in our computershare accounts. We will also be given a calculator by the International ATD that should let us determine what our total Equity distribution will be. It will be posted on our website and emailed to those on…
MEMORANDUM Once the market closes today, American will begin the process of making the day 120 distribution. As you know, since the number of shares allocated to TWU is a percentage (4.8%) of the shares allocated to all unsecured creditors, and since the number of shares allocated to the unsecured creditors decrease as the stock…
We’ve shared before that the majority of U.S.-based legacy American employees are eligible to receive 23.6 percent of the shares of common stock in the new company (AAL) distributed to holders of allowed unsecured claims. As of March 9, American has distributed approximately 27.5 million AAL shares to eligible U.S.-based legacy American employees. With respect…
To All Local 514 Members, The former AA/TWU (Early Outs) employees who were excluded from three (3) components of the equity are in fact claiming this equity is theirs. Class action lawsuits have been filed on their behalf. In preparation to defend against these lawsuits and prevent a possible injunction to halt any further distributions…