MAIR Holdings last week asked the US Bankruptcy Court in Minnesota to issue a declaratory judgment that $122.2 million in dividends and fees paid by bankrupt subsidiary Mesaba Aviation from 2002 through 2005 "were wholly proper and appropriate under law" and should be shielded from Mesaba employees and creditors. The suit is in response to a ruling last week that authorized Mesaba creditors to pursue claims against the parent company. "The public speculation that these dividends and payments ...

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