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Amid Trustee Feud, Northwest Files Amended Plan

Law360 (May 16, 2007, 12:00 AM EDT) -- Northwest Airlines Corp. on Tuesday filed an amended reorganization plan ahead of a confirmation hearing on Wednesday, even as the bankrupt carrier remains embroiled in a dispute with a U.S. Trustee over a $5 million deal the airline claims would end a hedge fund group’s opposition to the plan.

Northwest’s amended plan allows for a payment of up to $5 million to cover the professional fees and expenses incurred by the ad hoc committee of equity shareholders, which has been feuding with the airline over Northwest’s...
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