Marathon Withdraws Bid To Probe AMR Debt Swap

Law360, New York (November 14, 2012, 5:58 PM EST) -- A New York bankruptcy judge on Tuesday let hedge fund Marathon Asset Management LP withdraw its request for an investigation into a $2.26 billion prebankruptcy debt swap between American Airlines Inc. and fellow AMR Corp. unit American Eagle Airlines Inc.

U.S. Bankruptcy Judge Sean H. Lane approved the stipulation between Marathon and the official committee of unsecured creditors in the case, under which the hedge fund agreed to withdraw its Oct. 23 motion for the appointment of an examiner to look into the intercompany transactions among...
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