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Marathon Seeks Probe Insto AMR Debt Deal Pre-Bankruptcy

Marathon Asset Management LP, the hedge fund that called on American Airlines to broaden talks with creditors in its bankruptcy case, seeks a court-ordered investigation into an intercompany debt deal at the airline.

Before last year’s bankruptcy filing, AMR Corp.’s American took on $2.26 billion in debt that regional carrier American Eagle owed under aircraft-financing agreements, Marathon said in a filing yesterday in U.S. Bankruptcy Court in Manhattan.