US Trustee, Banks Slam AMR Bankruptcy Exit Plan

By Juan-Carlos Rodriguez · May 24, 2013, 6:28 PM EDT

The U.S. trustee in AMR Corp.'s bankruptcy Friday objected to the airliner's disclosure statement and proposed reorganization plan, claiming the plan contained an improper $20 million severance payment to outgoing CEO...

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Case Information

Case Title

AMR Corporation, et al.

Case Number

1:11-bk-15463

Court

New York Southern

Nature of Suit

Date Filed

November 29, 2011