AMR Labor Contract Ruling Delayed

Law360, New York (June 22, 2012, 1:53 PM ET) -- A New York bankruptcy judge delayed issuing his decision on AMR Corp.'s bid to reject its union contracts Thursday, on the eve of the hotly anticipated ruling's original due date, after the American Airlines Inc. parent and its unions agreed to negotiate another week.

U.S. Bankruptcy Judge Sean H. Lane postponed ruling on the company's motion to reject the collective bargaining agreements under Section 1113 of the Bankruptcy Code, which allows bankrupt companies to take that step in certain circumstances. The airline would then seek to...
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