Deloitte Takes Aim At AMR Trustee's 'Radical' Policy

Law360, New York (March 1, 2012, 5:17 PM EST) -- Deloitte Touche Tohmatsu Ltd. on Thursday pilloried claims by the U.S. Trustee in AMR Corp.’s bankruptcy case that the accounting firm cannot advise the American Airlines Inc. parent unless all of its professionals divest AMR stock, calling the position "radical."

Two Deloitte units are seeking the court’s approval to act as advisers in AMR’s Chapter 11 case. In a Feb. 24 objection, U.S. Trustee Tracy Hope Davis asked the court to reject the appointments unless the firm proves that all of its professionals, excluding clerical staff,...
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