Replies to post #34485 on American Airlines Group Inc (AAL)

[onevolt]

What ruling?

[voila333]

This ruling is in favor of American Airlines on all the 4 items listed below. Basically, the judge ruled that:

1. 189th omnibus objection is sustained. i.e. Retiree benefits claims are denied.

2. 194th omnibus objection is sustained. i.e. Expired stock options held by employees are deemed worthless. Employees cannot expect AA to reimburse them.

3. Pre-funding medical claims by employees are denied

4. Supplement medical plan claims by employees are denied


This ruling paves the way for American Airlines to distribute the shares in due course I think.