Reorganizations

Buffets Restaurants Plans To Pay Creditors $4 Million At Bankruptcy Exit - Smart Money

04/23/12

The financially struggling operator of Old Country Buffet, Ryan's and HomeTown Buffet restaurants plans to pay $4 million to a pool of creditors who are owed more than $44 million at the end of its Chapter 11 bankruptcy case, which will cut the ...

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American Airlines fires opening shot in court battle with workers - msnbc.com

04/23/12

AMR filed for Chapter 11 in November, citing uncompetitive labor costs. In opening statements, AMR lawyer Jack Gallagher said the company needs 20 percent across-the-board reductions in employee costs, half of which must come from medical benefits.

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Another anti-competitive airline merger - Seattle Times

04/23/12

USAirways wants to acquire American Airlines as it emerges from Chapter 11 bankruptcy protection. This is yet another anti-competitive, job-killing airline merger that will fail to fulfill its promises, no matter how much the top executives make.

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US Airways, American merger would bring scale, higher fees - The Business Journal

04/23/12

AMR, which filed for Chapter 11 bankruptcy protection in November, has until Sept. 28 to submit its own plan of reorganization to the court.

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Legal Events to Watch This Week - Wall Street Journal

04/23/12

The Supreme Court will hear arguments in RadLAX Gateway Hotel LLC v. Amalgamated Bank (11-166), a case that asks whether a debtor may pursue a chapter 11 plan that proposes to sell assets free of liens without allowing the secured creditor to ...

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American Airlines in Chapter 11: Does WestJet (WJA), Southwest Airlines (LUV) and US Airways (LCC) Deserve Investor Attention? - Small Cap Network

04/23/12

I must admit, I have never heard of WestJet Airlines until recently but its considered to be the Southwest Airlines of Canada plus it serves “sun destinations” in the USA, Mexico and the Caribbean. WestJet is an airline to watch because in addition to ...

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American, unions to meet in critical bankruptcy hearing - The Business Journal

04/23/12

Fort Worth-based American says in its Chapter 11 bankruptcy that it cannot be a viable company with its current labor costs and it proposes eliminating 11,500 union jobs, the Dallas Morning News reported.

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AMR to Request Throwing Out Union Contracts - msnbc.com

04/22/12

Second, while American has been staggering with billions in losses and a crushing debt load, its long-time competitors have reorganized in Chapter 11 and have thrived: Delta, United, and US Airways were all profitable in 2011. Third, although American's ...

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Frequent flyer miles at risk if US Air, AA merge? - CBS News

04/21/12

US Air wants to merge, and even has the support of three of American's most powerful unions. But American, currently in Chapter 11, says it wants to come out of bankruptcy as a standalone company. The deal is "going to take a very long time," if ...

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Fitch expects new credit woes for directory makers - Yahoo Finance

04/21/12

The firm said the industry will probably see a new round of restructuring. It said Dex One and SuperMedia may have to file for Chapter 11 bankruptcy protection for the second time in just a few years. Both companies filed for Chapter 11 ...

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