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Judge holds back from authorizing AMR-US Airways merger

  • Judge Sean Lane has refrained from approving AMR's (AAMRQ.PK) plan to exit bankruptcy via an $11B merger with US Airways (LCC), citing the lawsuit from the Department of Justice and some states to block the deal.
  • Instead, Lane has given AMR and its creditors until Friday next week to provide him with guidance about he should proceed.
  • The judge had otherwise been expected to authorize the deal, having already given preliminary approval.
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