AMR Creditor Lawyer Said to Warn Pilots on Contract Vote

The lawyer for AMR Corp.’s unsecured creditors committee warned American Airlines pilots of the risks of rejecting a tentative contract that would allow the carrier’s post-bankruptcy plan to be weighed against a US Airways Group Inc. merger, three people familiar with the matter said.

Jack Butler of Skadden, Arps, Slate, Meagher & Flom LLP told members of the Allied Pilots Association in meetings in three cities that pilots would lose a 13.5 percent stake in a restructured AMR if the deal isn’t approved, said the people, who asked not to be identified because the talks were private.