United Settles With Creditors, Despite Union Resistance

Law360, New York (January 12, 2006, 12:00 AM EST) -- Bankrupt United Airlines Corp. and its unsecured creditors committee have settled their dispute over the company’s reorganization plan, which has been attacked by both a flight attendants union and a retired pilots union one week before the bankruptcy hearing was scheduled to begin.

The parent of United Airlines said Thursday the agreement will be reflected in a revised plan of reorganization to be filed with the U.S. Bankruptcy Court in the Northern District of Illinois, ahead of the confirmation hearing on Jan. 18.

Under the old...
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.