AMR Cleared To Solicit Votes For Ch. 11 Plan

Law360, New York (June 04, 2013, 3:02 PM ET) -- AMR Corp. is a significant step closer to enacting its $11 billion merger with US Airways Group Inc. after a New York bankruptcy judge on Tuesday approved its disclosure statement that will allow the airline to begin soliciting creditor votes for its reorganization plan.

In signing off on the disclosure statement, U.S  Bankruptcy Judge Sean H. Lane overruled an objection from the U.S. trustee related to a $20 million severance payment to outgoing AMR CEO Tom Horton that she argued was not permissible under the U.S....
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