TITLE

U.S. District Judge Strikes Blow For Bondholders in United Case

AUTHOR(S)
Shields, Yvette
PUB. DATE
January 2005
SOURCE
Bond Buyer;1/28/2005, Vol. 351 Issue 32059, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that a U.S. District Court judge has ruled that bankrupt United Airlines Inc., must repay $59 million of special facilities revenue bonds issued for projects at Los Angeles International Airport as a condition of its airport lease. The decision from U.S. District Court Judge John W. Darrah reverses a March ruling from U.S. Bankruptcy Court Judge Eugene Wedoff that the obligation to repay the bonds was included in agreements that were not "true leases" but instead "disguised" financing arrangements.
ACCESSION #
15862175

 

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