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APFA Special Hotline – Judge Lane Approves the Merger With US Airways
At a hearing this morning, Judge Lane approved the consummation of the merger and the settlement between American, US Airways and the participating state attorneys general. He soundly rejected the request to block the merger brought by individual plaintiffs (the “Alioto Plaintiffs”) who had asserted that the transaction violated the anti-trust law. He found that the Alioto Plaintiffs had presented no evidence of irreparable harm, the most critical element needed to obtain a temporary restraining order. The Judge will issue a full written decision by around noon today.
It is now anticipated that the merger will be completed as quickly as possible with its consummation and AA’s exit from bankruptcy to occur as early as December 9.
AmericanAirlines + US Airways
“On Our Way”
APFA National Communications Coordinator
Currently, no scheduled events...