US Federal Court judge gave the go-ahead for United Airlines employees to move forward with a class-action lawsuit against the carrier's employee stock ownership plan and its trustees. The suit alleges that those charged with protecting the interests of the employee-owners failed in their duties, costing them "billions of dollars." It claims that the UAL ESOP committee and the plan trustee, State Street Bank, were aware that UAL's stock was unstable and State Street Bank even had placed it ...

Subscribe to Access this Entire Article

"Printer-friendly" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.