AMR Judge Leaning Toward Ch. 11 Plan, But Won't Rule Yet
By Maria Chutchian
Law360, New York (August 29, 2013, 1:59 PM ET) -- A New York bankruptcy judge on Thursday said he was leaning toward approving AMR Corp.’s reorganization plan but once again put off an official ruling on the matter, which has been thwarted by federal antitrust regulators who challenged the airline’s proposed merger two weeks ago.
U.S. Bankruptcy Judge Sean H. Lane said he needed more time to review the arguments made for and against confirmation of the plan, which hinges on a proposed $11 billion merger with US Airways Group Inc. AMR’s attorneys have tried to...