American Airlines Creditor Wants Probe Into $2B Debt Swap

Law360, New York (October 23, 2012, 11:03 PM EDT) -- Hedge fund Marathon Asset Management LP on Tuesday asked for an investigation into a $2.26 billion pre-bankruptcy-filing intercompany debt swap between American Airlines Inc. and American Eagle Airlines Inc. that the creditor says may have been improper.

In a motion filed in New York bankruptcy court, Marathon said American Airlines parent company AMR Corp. was not in a position to conduct an independent review of the prepetition transactions that sent 263 regional jets from American Eagle to American Airlines in exchange for the larger airline's assumption...
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Case Title

AMR Corporation, et al.


Case Number

1:11-bk-15463

Court

New York Southern

Nature of Suit

Date Filed

November 29, 2011

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