January 28, 2012

AMR’s Hiring of Bankruptcy Advisers on Hold

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American Airlines parent AMR Corp. (AMR)’s effort to hire a group of legal and financial advisers for its bankruptcy was put on hold amid objections from unions and the U.S. government.

U.S. Bankruptcy Judge Sean Lane in Manhattan today said he would approve retaining advisers including Rothschild Inc. and Perella Weinberg Partners LP only on a temporary basis, pending agreement from the U.S. Trustee. Fort Worth, Texas-based AMR said it planned to return to court later to seek final approval to hire the firms.

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AMR’s Hiring of Bankruptcy Advisers on Hold

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