Paul Rubin, a partner at Herrick, Feinstein, and Hanh Huynh, an associate at the firm, write that because a $20 million severance payment was contemplated in connection with American Airlines' Chapter 11 bankruptcy case, the Office of the U.S. Trustee, tasked with overseeing the administration of the airline's reorganization case, objected to the severance payment that, in its view, was prohibited by federal bankruptcy law.
Court to Reassess Severance Payment as Part of Reorganization Plan
New York Law Journal
June 24, 2013