MatlinPatterson ATA Holdings LLC v. Federal Express Corp.
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
This case arises from a business relationship between defendant Federal Express Corporation (FedEx) and nonparty ATA Airlines (ATA). ATA participated on FedEx’s team (to be discussed, infra) to fly charter missions for the United States Military. Over the years, ATA encountered financial difficulties, including chapter 11 bankruptcy, and plaintiff MatlinPatterson ATA Holdings LLC (MP Holdings) invested and loaned ATA substantial sums to assist its financial health.
In 2008, FedEx terminated its agreement to keep ATA on its team for fiscal years 2006 through 2009, and ATA filed for bankruptcy.…
2Cases cited13 opinions
- Rovello v. Orofino Realty Co.New York Court of Appeals · 1976
- Kimmell v. SchaeferNew York Court of Appeals · 1996
- J.A.O. Acquisition Corp. v. StavitskyNew York Court of Appeals · 2007
- Dulberg v. MockNew York Court of Appeals · 1956
- Elghanian v. HarveyAppellate Division of the Supreme Court of the State of New York · 1998
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