AMR Seeks Pension Change Under New Treasury Rule In Ch. 11

Law360, New York (November 26, 2012, 5:24 PM EST) -- AMR Corp. asked a New York bankruptcy judge Friday to approve an amended pension plan for its pilots based on a new U.S. Department of the Treasury rule letting debtors eliminate lump-sum retiree benefits, saying it's necessary for a Chapter 11 emergence.

AMR and its subsidiary American Airlines Inc. asked U.S. Bankruptcy Judge Sean H. Lane for an order finding that it's necessary for the debtors to amend the fixed-income retirement benefit program for pilots in order to eliminate the lump-sum and installment forms of optional...
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