Mealey's Bankruptcy - U.S. High Court Will Not Hear Debt Payment Case Involving American Airlines

Mealey's Bankruptcy - U.S. High Court Will Not Hear Debt Payment Case Involving American Airlines

WASHINGTON, D.C. - The U.S. Supreme Court on April 21 declined to hear a case in which U.S. Bank Trust NA (U.S. Bank) argued that bankrupt AMR Corp., the parent company of American Airlines Inc., owed its bondholders a penalty fee related to the repayment of debt for which it had obtained post-petition financing of $1.5 billion (U.S. Bank Trust National Association v. AMR Corporation, No. 13-971, U.S. Sup.).

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