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Judge grounds AMR confirmation bid

Aug 15, 2013 - The Deal Pipeline

AMR Corp. has been forced back to the hangar following an antitrust lawsuit from the Department of Justice, which challenged a planned $11 billion merger with US Airways Group Inc.

Following a confirmation hearing on Thursday, Judge Sean H. Lane of the U.S. Bankruptcy Court for the Southern District of New York in Manhattan gave parties in the case until Aug. 23 to file briefs either supporting or opposing confirmation and set a new confirmation hearing for Aug. 29.

Lane told the...