Delta’s Bid To Toss Pensions Comes Under Fire

Law360, New York (August 18, 2006, 12:00 AM EDT) -- Weeks after Delta Air Lines asked a federal bankruptcy court for approval to terminate its pilots’ pension plans, a group of retired pilots is lashing out against the bid, saying the embattled carrier is trying to avoid its obligation to shell out settlement proceeds.

In court documents filed late Thursday in the U.S. Bankruptcy Court for the Southern District of New York, attorneys representing a group comprising an estimated 2,700 retired pilots said Delta “should not be allowed to use a distress termination of the pilot...
To view the full article, register now.