Rochelle on Reddy Ice, American Airlines-US Air Merger: Audio
Reddy Ice Holdings Inc. (RDDYQ) is an example of how freedom from shareholder lawsuits is one of the few fringe benefits from being in Chapter 11, for reasons Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle explain on their podcast. Rochelle conjectures whether a lessening of competition may explain why a merger of American Airlines Inc. and US Airways Group Inc. (LCC) could be an economic success. The podcast ends with discussion with a new decision improving the chances that lawyers for bankrupt companies will be paid even if reorganization proves unsuccessful.
Running time 12:38