Delta Seeks Approval For $70M DOL Deal

Law360, New York (January 30, 2007, 12:00 AM EST) -- Hoping to avoid a showdown with the U.S. Department of Labor, Delta Air Lines Inc. has asked the bankruptcy court to greenlight a $70 million payment to a company benefit plan at the center of the debate.

On Monday, Delta beseeched Judge Adlai S. Hardin Jr. to allow the beleaguered carrier to make the multimillion-dollar payment in order to circumvent a possible Department of Labor probe or lengthy litigation.

Delta has come under the scrutiny of U.S. Department of Labor Secretary Elaine Chao, who has questioned...
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