2nd Circ. Takes Up Fight Over $1.5B AMR Financing

Law360, New York (April 3, 2013, 11:07 PM EDT) -- The Second Circuit on Wednesday approved bankrupt AMR Corp.'s bid to send U.S. Bank NA’s challenge to the airline's $1.5 billion financing deal to the appeals court, allowing it to bypass the federal district court.

The Second Circuit’s authorization for the direct appeal followed U.S. Bankruptcy Judge Sean H. Lane’s Feb. 22 ruling that the issue was a matter of public importance, so American Airlines Inc. parent AMR could seek to circumvent the federal district courts that would normally hear such appeals. 

U.S. Bank had alerted...
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