|
|
Article: Court Rejects Continental Airlines Pension Claims Against Pilots, According to Ahmad Zavitsanos & Anaipakos, P.C.
- Article from:
- Journal of Transportation
- Article date:
- November 7, 2009
CopyrightCOPYRIGHT 2009 NewsRX. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
A Houston federal judge today dismissed a lawsuit by Continental Airlines, Inc. (NYSE:CAL) which had alleged that nine pilots and their spouses obtained "sham" divorces for the purpose of withdrawing pension funds early, according to the legal team for five of the pilots.
U.S. District Judge Gray H. Miller rejected Continental's argument that it was required to sue the pilots and the families to protect pension fund assets, finding that "the very people for whom the funds are safeguarded are the people who have withdrawn the funds."
Attorneys Steven J. Mitby and Joseph Y. Ahmad of Ahmad Zavitsanos & Anaipakos, P.C., in Houston, represent five of the ...