Originally Posted by
Fugazi
In June Mesa lawyers tried to make a $57 million claim?! Mesa will be more desperate than ever without quality legal representation. Airways gonna cover that?
Is it possible for an airline to sue it's way out of bankruptcy?
To clarify the total amount asked of the lawyers is 5 million total.
The trustee objects to allowing any of this to be paid due to MAG not having a POR on file and 5 million in claims made againsit MAG by creditors. That amount goes to 5 billion in aggergate once the plane leases are factored in. As of the end of June MAG reported 52 million in cash on hand.
The trustee also objects to the lawyers spending more than nessicary on top line hotels, first class air fare and overtime meals.
Would you want lawyers robbing the kettle ahead of the creditors, which BK is designed to protect.