In a ruling completely separate from TWU’s ongoing healthcare prefunding case, a bankruptcy court ruled today in favor of TWU and two other unions in a case against American Airlines. The unions took the company to court last year to oppose the way the airline was dividing up additional shares of its stock while bankruptcy…
Tag: Equity- Stock Distribution
Equity Distribution Update – Demetris vs. TWU VIDEO
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…
AA Equity Update, October 6, 2016
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…
TWU AA/AE Equity Distribution
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…
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
Lawsuits update information.
Update from TWU Counsel Regarding the AA Equity Distribution Plan Lawsuits
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…
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…
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…