I read the transcripts from NY. My take is that the court would be concerned if the AZ litigation delayed the merger, but for now are taking AOL's word that it doesn't intend to. They are going to make an an agreement that if it doesn't affect the merger the NY court will stay out of it, but reserves the right to look at again.
The Judge and AA creditors want our issue solved and seem to think it should be ripe, but the judge didn't seem to know too much about the case. Even if it is ripe, the question of the merits of the DFR have not been heard. Don't those have to be heard? Doesn't the argument that the MOU changes the whole process need to be heard? How long with this take? What about the contingent nature of the MOU? The west pilots seem to have the theory that once the case is deemed ripe that you just pull the Wake verdict out and Bam, we're done.
The problem is see with the AOL argument that they don't want to delay the merger is that an injunction certainly would delay the merger. This merger, unlike the last one, has an increase in pilot costs and the integration needs to be done to complete the synergies
The Judge and AA creditors want our issue solved and seem to think it should be ripe, but the judge didn't seem to know too much about the case. Even if it is ripe, the question of the merits of the DFR have not been heard. Don't those have to be heard? Doesn't the argument that the MOU changes the whole process need to be heard? How long with this take? What about the contingent nature of the MOU? The west pilots seem to have the theory that once the case is deemed ripe that you just pull the Wake verdict out and Bam, we're done.
The problem is see with the AOL argument that they don't want to delay the merger is that an injunction certainly would delay the merger. This merger, unlike the last one, has an increase in pilot costs and the integration needs to be done to complete the synergies