DCR Update-20 Aug 2018 (AAL $39.99)
Past & Upcoming Court Hearings :
12 June 2018: Judge Sean Lane puts an formal end to Krakowski, Sikes, Horner et. al. adversary proceeding
26 June 2018: Court hearing on 186th, 187th and 188th omnibus objections
11 July 2018: Court hearing on Motion to Dismiss Section 1114 Committee of Retired Employees's Adversary Proceeding
19 July 2018: Judge Sean Lane approved AAL's 186th, 187th and 188th omnibus objections, after hearing on 26 June 2018
24 July 2018: Court hearing on 189th, 190th, 191st, 192nd and 193rd omnibus objections
25 July 2018: Judge rejected AAL's 190th omnibus objection, ruled that AAL shall continue to provide the “retiree benefits” for the Section 1114 CoRE. Both AAL and CoRE have agreed not to appeal this verdict so case is officially resolved and closed. Consequently, Adversary Pro. No. 12-01744-shl is now officially resolved and dismissed.
31 July 2018 : Allied Pilots Association's Motion to Dismiss and American Airlines, Inc.'s Motion to Dismiss Plaintiffs' Complaint to Vacate Arbitration Award
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22 Aug 2018 : court hearing 11:30am to look at releasing the shares to AAL shareholders. A group of AAL shareholders has engaged counsel Joel Moss of Shearman&Sterling LLP to renew the motion to release DCR shares.
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28 Aug 2018 :
(1) 191th omnibus objection (extended from previous court hearing on 24 July);
(2) Transport Workers Union of America's Collective Bargaining Agreement seeking claims of $7.5 billion and another $116.8 million for grievances
(AAL responded by saying the $7.5bn is part of the old CBA which has since been renegotiated after the airline's bankruptcy and thus should be adjudicated. For the grievance claims of $116.8 million, AAL argued this should be no more than $1.00 million)
25 Sep 2018 : court hearing to hear appeals from individual retirees regarding their objections to 189th omnibus
