AAR reorg denied: DOJ suit, CEO severance?
 

American Airlines denied confirmation pending briefs on DOJ suit | LeveragedLoan.com

American Airlines went through with its long-scheduled confirmation hearing today, but Judge Sean Lane said he would not issue his ruling on the company’s reorganization plan until ...

Denied I think is the wrong word.

Not even correct. Since the DOJ acted like fools the judge is hesitant to approve it yet. Had he wanted to he could have denied it and DIDN'T!

AAR? who is that?

The very limited character count makes it hard to pass on complex ideas in a short headline.
Judge Lane denied confirmation of the reorg plan today.
Yes, the confirmation could be approved later, but was denied today.
The net result is that the reorg plan is still in play, but the legal outcome for today is that the confirmation was in fact denied. Again, hard to convey complexities with just a few characters in a headline.

AAR is the New York Stock Exchange symbol for AMR Corporation, American Airlines holding company.

That is not correct.

uh, no it isn't, but thanks for all the solid input and insight

AMR Corporation does not trade on the NYSE while they have been in bankruptcy. They currently trade on the over the counter markets (OTC) under the ticker symbol AAMRQ.

Since when? Last one I saw was AAMRQ.