Retired pilots of United Airlines are demanding a recount of the votes cast for the airline's Chapter 11 plan of reorganization.
In an emergency motion submitted late Monday to the U.S. Bankruptcy Court in Chicago, the United Retired Pilots Benefit Protection Association said the company failed to count the votes of more than 1,500 retired pilots because they sought to recover lost benefits in greater amounts than reflected on the ballots.
A hearing on the retired pilots' request is scheduled for today in Chicago.
The retired pilots said they have been disenfranchised by United's actions, adding that the company's report to the bankruptcy court saying votes for its plan were properly tabulated was false.
Because creditors accepted the plan by a comfortable margin, it is unlikely that a recount would change the outcome.
azcentral.com
In an emergency motion submitted late Monday to the U.S. Bankruptcy Court in Chicago, the United Retired Pilots Benefit Protection Association said the company failed to count the votes of more than 1,500 retired pilots because they sought to recover lost benefits in greater amounts than reflected on the ballots.
A hearing on the retired pilots' request is scheduled for today in Chicago.
The retired pilots said they have been disenfranchised by United's actions, adding that the company's report to the bankruptcy court saying votes for its plan were properly tabulated was false.
Because creditors accepted the plan by a comfortable margin, it is unlikely that a recount would change the outcome.
azcentral.com
