American Airlines Parent AMR Rips Probe Into $2B Debt Swap

Law360, New York (November 2, 2012, 12:46 PM EDT) -- AMR Corp. asked a New York federal judge Thursday to toss hedge fund Marathon Asset Management LP's proposed investigation into a $2.26 billion prebankruptcy filing debt swap between AMR subsidiary American Airlines Inc. and American Eagle Airlines Inc., saying it would delay restructuring.

AMR called the creditor’s request a litigation delay tactic in the face of Marathon’s objection to American Airlines’ proposed restructuring, saying the prepetition transactions that sent 263 regional jets from American Eagle to American Airlines in exchange for the larger airline's assumption of...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.