United Air Lines Municipal Bond Decisions - William Kannel and Tim Langella, Mintz Levin Attorneys
3/30/2004
Mintz Levin Represents HSBC Bank USA in United Air Lines Denver Bond Litigation
March 31, 2004
On March 30, 2004, the United States Bankruptcy Court for the Northern District of Illinois issued an opinion in municipal bond litigation brought by United Air Lines as part of United's ongoing bankruptcy proceedings in Chicago, Illinois. The litigation involves approximately $500 million in tax-exempt bonds related to improvements at airports in San Francisco, Los Angeles, New York and Denver.
The court's opinion rejected United's claim that its payment obligations relating to the Denver airport bonds should be treated as pre-petition debt and ruled in favor of the Paying Agent for the Denver Bondholders and the City and County of Denver.
Mintz Levin attorneys William Kannel and Tim Langella represented HSBC Bank USA, as Paying Agent for the Denver Bondholders in this suit.
Copies of the March 30, 2004 Memorandum of Decision and the Orders entered in these proceedings appear below:
Memorandum of Decision issued March 30, 2004March 30, 2004 Order in San Francisco Airport Municipal Bond LitigationMarch 30, 2004 Order in JFK Airport Municipal Bond LitigationMarch 30, 2004 Order in LAX Airport Municipal Bond LitigationMarch 30, 2004 Order in Denver Airport Municipal Bond Litigation
