2nd Circuit: AMR Does Not Owe US Bank Debt Payment; Stay Relief Properly Denied

2nd Circuit: AMR Does Not Owe US Bank Debt Payment; Stay Relief Properly Denied

NEW YORK - A panel of the Second Circuit U.S. Court of Appeals on Sept. 12 affirmed a bankruptcy court's decision and ruled that the automatic stay in the Chapter 11 bankruptcy of AMR Corp., the parent company of American Airlines Inc., was properly applied and held that American Airlines did not owe lender US Bank Trust National Association a make-whole payment (US Bank Trust National Association v. AMR Corporation, No. 13-1204, Chapter 11, 2nd Cir.).

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