http://www.law360.com/ Latest articles for organization: Delta Air Lines Copyright 2009 Portfolio Media, Inc. en-US http://www.law360.com/images/headings/logo.gif http://www.law360.com/ http://www.law360.com/articles/131936 Restructuring the obligations of a distressed borrower requires compromise and consensus building; the larger the constituency needed to reach a deal, the greater the risk of holdouts. Courts have sought to mitigate this problem by inferring an intent to act collectively when interpreting loan documents. Three recent cases have illustrated that courts will apply this collective action model of contract interpretation in the credit bidding context, says Paul H. Zumbro of Cravath Swaine & Moore LLP. http://www.law360.com/articles/131936 http://www.law360.com/articles/131783 Delta Air Lines Inc. and the Richard Branson-helmed Virgin Blue Airlines Group moved one step closer to their proposed trans-Pacific alliance Monday when they received preliminary approval from Australia’s competition authority. http://www.law360.com/articles/131783 http://www.law360.com/articles/129276 The union representing US Airways pilots has joined a chorus of voices criticizing Oneworld Alliance's application for an antitrust exemption, saying it could compromise U.S. jobs. http://www.law360.com/articles/129276 http://www.law360.com/articles/128684 Either the Supreme Court or Congress must acknowledge the frequent injustices being caused by the Twombly and Iqbal plausibility standard — especially in cases involving guilty plea and amnesty applicant antitrust defendants, say Michael D. Hausfeld and Michael P. Lehmann of Hausfeld LLP and law clerk Spencer Jenkins. http://www.law360.com/articles/128684 http://www.law360.com/articles/127847 Airline unions have joined the growing list of critics of proposals by the industry's Oneworld alliance for antitrust exemption and are calling for more general oversight when it comes to competition within the industry. http://www.law360.com/articles/127847 http://www.law360.com/articles/126316 Inventor Ronald A. Katz has appealed Cablevision Systems Corp.'s September victory in his long-running multidistrict litigation alleging a wide range of companies violated some combination of more than 20 patents Katz holds in relation to automated telephone call processing systems. http://www.law360.com/articles/126316 http://www.law360.com/articles/126254 Despite a scathing dissent finding that the other judges went too far in applying heightened pleading standards, a federal appeals court has upheld a dismissal of a suit brought by travel agents accusing major airlines including Delta Airlines Inc., United Airlines and American Airlines Inc. of fixing commission prices. http://www.law360.com/articles/126254 http://www.law360.com/articles/124121 A task force of corporate executives, attorneys and others has released a set of recommendations on how companies can change their executive compensation policies to avoid their shareholders' ire, calling for performance-based pay subject to stringent oversight. http://www.law360.com/articles/124121 http://www.law360.com/articles/123992 AMR Corp., parent company of American Airlines Inc., says it will hold a private offering of $450 million in senior secured notes, in the company's third initiative to build liquidity announced in the past week. http://www.law360.com/articles/123992 http://www.law360.com/articles/123802 American Airlines Inc. parent company AMR Corp. has said it will offer $250 million in senior convertible notes due in 2014 and 30 million shares of common stock in a move that has come just days after it announced sale and loan deals to raise $2.9 billion in liquidity. http://www.law360.com/articles/123802 http://www.law360.com/articles/123280 Delta Air Lines Inc. will pay $35,000 to the state of Massachusetts to settle allegations that it failed to pay certain workers on a biweekly or weekly schedule, as required by Massachusetts Law. http://www.law360.com/articles/123280 http://www.law360.com/articles/122895 AMR Corp., parent company of American Airlines Inc., has raised $2.9 billion in liquidity through sale and loan agreements with Citigroup Inc. and General Electric Co. http://www.law360.com/articles/122895 http://www.law360.com/articles/122549 Delta Air Lines Inc. is planning a private debt offering of $500 million in senior secured notes in an effort to repay all its outstanding loans under fully owned subsidiary Northwest Airlines Inc.'s credit facility, Delta said Wednesday. http://www.law360.com/articles/122549 http://www.law360.com/articles/116440 The head of long-haul airline Virgin Atlantic has asked President Barack Obama and political leaders to reject an antitrust immunity application from some of the airline's main competitors. http://www.law360.com/articles/116440 http://www.law360.com/articles/115875 DataTern Inc. has entered a settlement agreement with American Express Co. over a widely asserted patent covering database technology. http://www.law360.com/articles/115875 http://www.law360.com/articles/114302 An insurance broker has fired back at Delta Air Lines Inc. retirees in a suit over the broker’s alleged fraudulent work in procuring benefits packages after the airline filed for bankruptcy in 2005, arguing that the retirees cannot renege on their agreement to retain the broker. http://www.law360.com/articles/114302 http://www.law360.com/articles/114247 A magistrate judge has recommended the court nix a software engineer’s suit against Google Inc., finding the claims of both the engineer’s patent and his complaint insufficient for the lawsuit over the technology behind Google AdWords to proceed. http://www.law360.com/articles/114247 http://www.law360.com/articles/114004 Former Hunton & Williams LLP competition practice group head R. Hewitt Pate has signed on as vice president and general counsel of Chevron Corp. to direct the company's worldwide legal affairs. http://www.law360.com/articles/114004 http://www.law360.com/articles/114062 A federal judge has ordered that one of several lawsuits alleging that Delta Air Lines Inc. colluded with AirTran Airways Inc. over fees for checked baggage be transferred to the U.S. District Court for the Northern District of Georgia, where the suits are being considered for consolidation. http://www.law360.com/articles/114062 http://www.law360.com/articles/112466 With airlines forced to slash ticket prices just to fill the seats, many industry observers have begun to discuss potential changes to the industry, either through bankruptcy or consolidation. Either way, they say that not all of the passenger air carriers that are currently flying will be doing so in the near future. http://www.law360.com/articles/112466