The Daily Docket: DOJ Looks to Block AMR-US Air Merger

According to The Wall Street Journal, The Department of Justice on Tuesday moved to block the merger of American Airlines parent AMR Corp. and US Airways Group Inc., which could hurt AMR’s plan to leave bankruptcy.

Government lawyers have moved to block Exide Technologies Inc. from abandoning miscellaneous assets, arguing the troubled battery maker can’t walk away from its duty to clean up contaminated sites. Click here for the Daily Bankruptcy Review article.

Struggling nursery operator Stacy’s Greenhouses Inc. has accused its biggest lender of trying to derail a bankruptcy auction for its 260-acre operations located south of Charlotte, N.C., with the motive of forcing the company into state receivership instead. The DBR Small Cap article is available here.

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The Canadian Transportation Agency revoked the license of Montreal, Maine & Atlantic Railway Ltd. over insurance coverage concerns, WSJ reports.

WSJ looks at how the Justice Department built its lawsuit against the AMR-US Airways merger on executives’ past comments.

Law Blog has more on the Justice Department’s antitrust lawsuit against the two airlines.

The Associated Press reports on the appointment of Judge Gerald Rosen as a mediator in Detroit’s Chapter 9 bankruptcy case.

Oakland County, Mich., is threatening to cut funding to Detroit’s art museum if the city’s bankruptcy leads to an art sale, Reuters reports.

Eastman Kodak Co. named nine people to serve on its post-bankruptcy board, Dow Jones Newswires reports.

Adam Glassner, a former Bank of America Corp. executive whose work is the subject of lawsuits, was hired by Fannie Mae after the claims starting coming to light, Bloomberg reports.

Law firm Skadden, Arps, Slate, Meagher & Flom LLP was tapped to advise Visteon Corp.’s exit from a joint venture in China, the Am Law Daily reports.

Credit Slips looks at municipal pensions in Chapter 9.

Write to Melanie Cohen at [email protected]. Follow her on Twitter at @MelanieLisa.