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What has Carl Icahn been up to lately?
He's about to find out his "activist shareholder" bully routine won't work with Apple...
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What has Carl Icahn been up to lately?
Monetarily I agree with you they can afford it, but time is the asset they don't possess in great abundance. Will AA be granted another extention for exclusive rights to file a plan? The vulture capitalist are watching to be sure.
The creditors are holding out for the merger because Parker offered the best terms of recovery compared to any other option.if i were an aa employee if the merger fails and they continue in bankruptcy just how long will the creditors keep their patience before they say enough is enough want the full pay i hope it would not get to that point but since nov 2011 and approaching 22 months in ch11 and if the merger fails then can the creditors demand aa be broken up so they would get their returns that would be a concern if i were an aa employee i hope im wrong on that but i think of eastern pan an and twa as examples as welll as usairways
...and thisSo the Judge says she will be extremely busy early next year!
http://aviationblog....d-january.html/
Nope. Congress would have to act to change the law. The 2005 changes to the law no longer permit a judge to have discretion beyond 20 months, and that can only happen if there was a POR out for vote by the time the 18 months expired.
The 2005 law has some clear flaws in it -- taking away discretion from the judge is one of them.
Who says its a flaw?Nope. Congress would have to act to change the law. The 2005 changes to the law no longer permit a judge to have discretion beyond 20 months, and that can only happen if there was a POR out for vote by the time the 18 months expired.
The 2005 law has some clear flaws in it -- taking away discretion from the judge is one of them.
In other words he told them what they wanted to hear, not what he could deliver.The creditors are holding out for the merger because Parker offered the best terms of recovery compared to any other option.
...and more
What has Carl Icahn been up to lately?