AMR Judge OKs $3B Financing, Holds Off On $15M Fee Dispute

Law360, New York (May 9, 2013, 5:46 PM EDT) -- A New York bankruptcy judge on Thursday signed off on AMR Corp.’s new $3.25 million financing package but put off a ruling on the $15 million in fees requested for the financial advisory firms that worked on the loans, fees protested by the U.S. Trustee’s Office.

U.S. Bankruptcy Judge Sean H. Lane gave his approval for the financing, which Weil Gotshal & Manges LLP partner Stephen Karotkin, at a hearing Thursday, called “purely strategic” due to favorable market conditions, allowing AMR to take advantage of loans from...
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