Judge Rejects An Appeal From Delta Bondholders

Law360, New York (August 27, 2007, 12:00 AM EDT) -- More than four months after Delta Air Lines Inc. emerged from bankruptcy, a federal judge has rejected an appeal from a group of bondholders who claimed they didn't get enough out of a settlement.

The case involves more than $400 million in bonds related to Delta's use of busy hub Cincinnati/Northern Kentucky International Airport and improvements made to those facilities.

Judge John G. Koeltl of the U.S. District Court for the Southern District of Manhattan affirmed the settlement, approved by the bankruptcy court in April, ruling...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.