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April 12, 2007 |

Deal Watch: PoGo's client lifts off with Global deal

Correction appended: See below for a correction to this story.A GEORGIA AIRLINE that specializes in transporting military troops looked to Powell Goldstein partners for advice on being bought by another air-transport firm.G. William Speer, along with partners Thomas R. McNeill, Suzanne J. Roberts and Richard L. Arenburg, are advising a special committee of directors at World Air Holdings Inc.
5 minute read
August 05, 2005 |

3rd Circuit Ruling Eases Bankruptcy Trustee Suits Against Corporate Officers

A 3rd Circuit decision this week is likely to stir up the atmosphere in board rooms and executive offices nationwide by making it significantly easier for bankruptcy trustees to file suit against corporate directors and officers for alleged breaches of their fiduciary duties. The panel revived a suit against the former officers and directors of the defunct charter airline Tower Air Inc. in which the trustee claims they drove the company into insolvency by indifference and egregious decisionmaking.
7 minute read
June 01, 2005 |

United Airlines Machinists, Mechanics Announce Contract Agreements

United Airlines and its machinists' union announced an agreement in principle on a contract Tuesday, narrowly heading off the need for a bankruptcy judge's ruling that could have triggered a strike. The agreement came just hours after United's mechanics ratified a five-year contract, giving the nation's No. 2 airline a pair of crucial labor victories that it needed to avoid an employee walkout and strengthen its bid to come out of bankruptcy.
3 minute read
December 06, 2010 |

Attorney recovers in three cases for crash victims

Aviation attorney Steven Marks, who worked for the families of Russian schoolchildren who died in a mid-air plane collision, said this was the first case of a U.S. aviation manufacturer being held liable in Europe.
4 minute read
September 02, 2005 |

Pleading Gets a Little Easier in Cases of D&O Liability

One of the potential assets of a corporation's bankruptcy estate - sometimes the only significant asset - is a claim against the debtor's directors alleging various breaches of the fiduciary duties they owed to the debtor, its shareholders and creditors.
8 minute read
September 16, 2005 |

What Delta Can Learn From Other Bankruptcies

As Delta Air Lines this week joined United Airlines, US Airways and Northwest Airlines as major U.S. carriers operating under Chapter 11 protection, the experiences of Continental Airlines and now-defunct Eastern Air Lines provide case studies of the best and worst scenarios for Delta. Although Eastern is "the prototype of the worst-case scenario," one expert explains how the bankruptcy of Continental worked because management was able to wring significant concessions out of its workforce.
5 minute read
May 02, 2013 |

The Pros and Cons for Lawyers of In-Flight Wi-Fi

There are two kinds of attorneys on airplanes: those who view their time in the sky as a respite from communications and those who have memorized the entire list of approved electronic devices. For both camps, in-flight Internet has largely been a disappointment.
7 minute read
June 29, 2011 |

Trustee says much of $1.6 billion in Fontainebleau funds unaccounted for

The bankruptcy trustee overseeing the company behind the now-stalled Fontainebleau Resort and Casino in Las Vegas says funds that went to a related construction company can't be accounted for and contractors and suppliers were overpaid about $130 million.
5 minute read

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