AMR Customers' Late Move To Block Merger Perplexes Judge

Law360, New York (November 20, 2013, 6:29 PM EST) -- A New York bankruptcy judge said during a hearing Wednesday that he was "mystified" that American Airlines customers challenging a proposed merger with US Airways hadn't tried to formally block the deal themselves since a federal antitrust settlement became public.

During a hearing in Manhattan, U.S. Bankruptcy Judge Sean H. Lane said he didn't understand what had taken the customers so long to move for a temporary restraining order in their lawsuit, which had been in a holding pattern while the U.S. Department of Justice's similar...
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.