American Airlines Workers Claim Unions Withheld Equity

Law360, Los Angeles (January 30, 2014, 9:53 PM EST) -- A former American Airlines Inc. worker hit the Transport Workers Union of America with a putative class action Thursday in Texas federal court, alleging the union refused to give workers who took an early retirement $32.5 million in American stock that they were owed under a collective bargaining agreement.  

Plaintiff Thomas A. Powell claims a 2012 settlement over the bargaining agreement allowed the union to avoid involuntary furloughs in exchange for “early separations” and said workers would receive American equity once it emerged from bankruptcy....
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