American Airlines Equity Lawsuit Update
We continue to receive questions concerning the American Airlines equity lawsuit. The latest update is below:
The appeal by plaintiffs in the Demetrius lawsuit is still pending: the U.S. District Court ordered the dismissal of this case, in which plaintiffs challenge TWU’s Equity Distribution Plan; and plaintiffs have appealed the Court’s order to the Ninth Circuit Court of Appeals. The case has not yet been scheduled for argument, nor have judges been assigned to the case.
TWU will communicate with you as soon as there is any further development in the appeal. Please be sure to download the TWU App and sign up for notifications to get the latest updates on this and all things TWU-related.