Today’s column updates readers on major events that transpired in the high-profile bankruptcy cases of American Airlines, Dewey & LeBoeuf, City of Detroit, Kodak and Interfaith Medical Center. The column discusses American Airlines and Kodak’s recently confirmed plans of reorganization and the impact of recent antitrust litigation on American Airlines’ ability to emerge from bankruptcy. The column also focuses on litigation developments in Dewey & LeBoeuf’s bankruptcy case and Detroit’s “eligibility” battle. Finally, the column discusses the closure threat faced by Brooklyn’s Interfaith Medical Center.
‘AMR’
American Airlines, together with parent company AMR Corporation, sought bankruptcy protection on Nov. 29, 2011, under Chapter 11 of the Bankruptcy Code. As discussed in prior columns, the bankruptcy was precipitated by American Airlines’ rising organized labor costs and an imbalanced competitive field.
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