Bondholders Challenge Delta's Ch. 11 Plan

Law360, New York (May 7, 2007, 12:00 AM EDT) -- Delta Air Lines Inc. may have exited Chapter 11, but a group of disgruntled bondholders is looking to challenge the bankruptcy court’s approval of the air line’s reorganization plan, and are ready to take their appeal to the nation's highest court if necessary.

The ad hoc committee of Kenton County bondholders filed a notice on Friday saying it was appealing U.S. Bankruptcy Judge Adlai S. Hardin Jr.’s April 25 order confirming Delta’s Chapter 11 plan. The Kenton County bondholders will seek relief from the U.S. District...
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