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Pre-Funding Arbitration letter from ATD Director, Garry Drummond
Tag: Bankruptcy
Joint American and US Airways press release regarding the merger, November 27, 2013
AMR CORPORATION EMERGENCE FROM CHAPTER 11 AND MERGER CLOSE EXPECTED ON DEC. 9 Notice Filed with U.S. Bankruptcy Court FORT WORTH, Texas and TEMPE, Ariz, – Today, the U.S. Bankruptcy Court for the Southern District of New York approved the settlement of the lawsuit reached with the U.S. Department of Justice and certain states relating…
Judge Lane Says He’ll Render Decision on AA Bankruptcy By Wednesday, Latest
Yesterday, a Bankruptcy Court hearing was held on three motions – two brought by American Airlines and one filed by individual plaintiffs, who contend that the merger violates the anti-trust law (“Clayton Act Plaintiffs”). In American’s motions, the Company is asking the Court (1) to approve the Settlement Agreement between American, US Airways, the U.S.…
TWU Equity Distribution Committee – Status Report DATE: November 7, 2013
MEMORANDUM FROM: TWU Equity Distribution Appeals Panel: Gary Peterson, John Plowman, Sam Cirri and Jim Fudge RE: Status Report DATE: November 7, 2013 A Panel of four members of the TWU Equity Distribution Appeals Committee held the Committee’s second meeting on November 4, 5 and 6 at the offices of The Labor Bureau Inc., in…
Here is a bit of information that was posted back in November 5, 2013 Concerning the 1114 Bankruptcy and Retirees..
IMPORTANT UPDATE REGARDING THE 1114 AND RETIREES November 5, 2013 On October 21, 2013, the United States Bankruptcy Court overseeing American Airlines chapter 11 bankruptcy case entered an order confirming American Airlines chapter 11 plan. There has been some confusion about what the confirmation order means for American’s 40,000 plus retirees and their benefits. The…
514 – What’s on the plate
TWU International Convention We have a New President: Harry Lombardo (See All Elected Here) TWU514 President, Dale Danker is appointed International VP (non staff, non paid – position) He will be on the International Executive Board. We will have more details as to Resolutions and Representatives Soon! Membership Meeting Monday 9-30-2013 Regular Order of Business.…
AA Bankruptcy Court Update, Aug. 30, 2013
At the scheduling conference this morning in District Court in Washington, D.C. on the DOJ complaint, the District Court set a trial date of November 25, 2013 and a status conference for October 1, 2013. This is well in advance of the March trial date requested by the government. Further, this does not prevent the Bankruptcy Court…
AA Bankruptcy Court Update Aug 21, 2013
The currently proposed plan of reorganization (the “Plan”) is based on a merger between the debtors and US Airways Group, Inc. On August 13, 2013 certain governmental plaintiffs filed a complaint against AMR Corporation and US Airways Group, Inc. under federal antitrust laws to enjoin the proposed merger between the two carries (the “DOJ Complaint”).…
AMR Bankruptcy Update. August 15, 2013
The Bankruptcy Court today conducted a hearing about confirmation of the AMR plan of reorganization. At the outset of the hearing, the Court read a prepared statement stating that it has questions about whether the confirmation hearing should proceed in light of the Justice Department lawsuit. The Court directed briefing on this issue and will…
Statement by Transport Workers Union of America Air Transport Director Garry Drummond on Today’s American Airlines Bankruptcy Hearing and TWU Actions in Response to DOJ Lawsuit
It became even more apparent in Judge Lane’s courtroom today that the best course of action for American Airlines, its workers and consumers is for the merger with US Airways to go forward as planned. The Department of Justice through its legal maneuvers is trying to create a duopoly where United and Delta would dominate…