Bagfather,
Allow me to briefly respond to your various comments as I see it:
"IMO the common sence approach to the meaning of the
terms should be taken into account. Laws are meant to
take normal meanings of things into account.
So one should ask the simple question. Is US Airway
under control of the same entity as it used to be?
Are the former owners of the company still running it?
If not then there was a change of control."
By that definition, when any corporation has stock holders buying and selling stock or experiences a change in managment, then that would be a 'Change in Control'. Clearly, the CIC language was placed into the contract for a pending United deal in which neither company would be in BK.
"US airways was a company in BK . For me to understand
that there was no change of control would mean that
US airways with the help of investers emerged from
bankrupcy as the same company. That would have
to mean that America West experienced a change of control."
To expand a company or to have a merger does not automatically mean a change of control, but the BK issue alone creates if nothing else a change in ownership from the stockholders to the creditors, which again, using the most lose definition of 'Change in Control' would mean the creditors would be forced to accept a labor snap back agreement? I don't see that happening.
"One Particular question I have is why did whoever was the
company get two other labor groups to agree to drop
COC language and not the IAM? Did ALPA at one point
say; 'Hey guys, before you agree to take us on as
employees there's something you should know about our
contract'"
I have said from the beginning that very intelligent and very informed legal minds from both Management and other labor groups have crawled through this issue of CIC, and yet IAM was the only one who saw things differently? Another reason why I don't think IAM will win this one.
"When one company purchaces or merges with another
company they assume responsabiliy for all contracts
including labor contracts. The labor force is a commodity
in that respect. The lawyers are responsible to advise
their employer as to the details of the contract."
Unless the another company is in BK and all contracts are subject to modification or rejection and often times an estoppel agreement is signed just to be sure everyone does not have some material issue which needs to be addressed before further actions are taken. (As was done with the IAM.)
"What appears to me to have happened is someone dropped
the ball on this and the company until now has been able
to ignore it. The fact that the company would not have
agreed to FS contract with it's CIC clause is completely
irrelevant. At least in terms of the arbitration."
You are right that someone dropped the ball... it was the IAM. They failed to act and notify either the Courts or Management of their intentions and their understanding as to the meaning of the CIC even after the first BK. They hid their true intentions and while they claim not to have any obligations to disclose their bargaining tactics, a Judge might find this to be misleading and a deliberate material omission in a bankruptcy proceding for potential investors. Parker himself said that there would have been no deal if the CIC was going to be claimed later by the IAM. Probably Parker would have used the BK laws as a hammer to remove it, but since IAM wasn't making any claim (along with other labor groups), why bother?
"Is anybody still reading this crap? If you are your either
pretty crazy or a closet lawyer wannabe like me..Thanks BF"
Still reading and maybe law school yet for me.