US Trustee Objects To AMR's Reorg Plan, $20M CEO Payment

US Trustee Objects To AMR's Reorg Plan, $20M CEO Payment

The U.S. trustee objected to AMR Corp.’s second amended joint Chapter 11 plan Friday, saying the plan impermissibly provides a $20 million severance payment for the company’s CEO, reimbursement of legal expenses of indenture trustees and an ...read more

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