American Airlines parent AMR Corp. (AMR)’s effort to hire a group of legal and financial advisers for its bankruptcy was put on hold amid objections from unions and the U.S. government.
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The Transport Workers Union, which has objected to the hiring of labor consultant Bain & Co. in the bankruptcy case of American Airlines parent AMR Corp., will picket former Bain executive and Republican presidential candidate Mitt Romney, union officials said Monday.
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Without a Democratic presidential primary contest, unions this year are taking early potshots at Republican primary candidates—especially Mitt Romney—and other GOP leaders through radio and TV ads, as well as other means.
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HEARING UPDATE
The Court considered and granted the Motion of Debtors for Entry of Order Pursuant to 11 U.S.C. Sections 105(a), 345(b), 363(b), 363(c), and 364(a) and Fed. R. Bankr. P. 6003 and 6004 (A) Authorizing Debtors to (i) Continue Using Existing Cash Management System, (ii) Honor Certain Prepetition Obligations Related to the Use Thereof, and (iii) Maintain Existing Bank Accounts and Business Forms; (B) Extending Time to Comply with 11 U.S.C. Section 345(b) over the objection of the United States Trustee’s office.
The Court considered and granted the Motion of Debtors for Entry of Order Pursuant to 11 U.S.C. §§ 105(a) and 366 (i) Approving Debtors’ Proposed Form of Adequate Assurance of Payment to Utilities, (ii) Establishing Procedures for Resolving Objections by Utility Companies, and (iii) Prohibiting Utilities from Altering, Refusing, or Discontinuing Service over the objection of several utilities.
The Court considered and agreed to enter the Stipulated Protective Order Pursuant to 11 U.S.C. § § 105(a) and 107(b) and Fed. R. Bankr. P. 9018 Establishing Procedures for the Protection of Confidential Information Provided by the Debtors to the Official Committee of Unsecured Creditors. read more...
Washington -- The Transport Workers Union (TWU) announced today that the union has retained Gordian Group, LLC to provide investment-banking services during the bankruptcy reorganization proceedings at AMR Corporation, parent company of American Eagle and American Airlines.
“We’ve said from day one that we’re going to fight like hell for our members,” said TWU International Union President James C. Little. “That means having the best available talent in our corner, so we can level the playing field and advocate effectively for our members.” TWU represents more than 26,000 workers at American and American Eagle as well as thousands of retirees. read more...
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