US Bank Denied Quick Victory In AMR Collateral Row

Law360, New York (September 20, 2012, 3:42 PM EDT) -- AMR Corp.'s dispute with U.S. Bank Trust NA over the value of airplanes that serve as collateral for $450 million in notes will continue, after a New York bankruptcy judge said Thursday he needs an evidentiary hearing to decide the matter.

U.S. Bankruptcy Judge Sean H. Lane wasn't swayed by the argument from American Airline Inc.'s bankrupt parent that nothing has changed about the planes' value since the judge decided the matter on an earlier motion in AMR's favor, saying he'd need to hear some testimony...
To view the full article, register now.