Legal Opinion
Air Line Pilots Ass'n, International v. UAL Corp.
District Court, N.D. Illinois
Decided November 12, 1988No. 88 C 3576PublishedCited by 5 opinions
1Opinion of the Court
MEMORANDUM OPINION AND ORDER
ZAGEL, District Judge.
I
Summary of Opinion *
ZAGEL, District Judge.
United’s pilots are trying to buy their airline. They propose the creation of an ESOP, an employee stock option plan, for its tax advantages, to acquire all (or nearly all) United shares. If United agrees, the pilots will pay $110 per share, approximately 12% above the closing share price on 10 November 1988. The financing for the buyout is to come principally from bank loans, bond sale proceeds, and reduced operating costs based on wage and benefit concessions made by the pilots and United’s…
2Cases cited18 opinions
- Lingle v. Norge Division of Magic Chef, Inc.Supreme Court of the United States · 1988
- Local 174, Teamsters, Chauffeurs, Warehousemen & Helpers v. Lucas Flour Co.Supreme Court of the United States · 1962
- Fort Halifax Packing Co. v. CoyneSupreme Court of the United States · 1987
- Elgin, Joliet & Eastern Railway Co. v. BurleySupreme Court of the United States · 1945
- Atchison, Topeka & Santa Fe Railway v. BuellSupreme Court of the United States · 1987
13 more not listed; retrieve them via the Exa API.
3Cited by5 opinions
- Air Line Pilots Association, International v. Ual Corporation and International Association of MacHinists & Aerospace Workers, Afl-CioCourt of Appeals for the Seventh Circuit · 1990
- Air Line Pilots Ass'n, International v. UAL Corp.Court of Appeals for the Seventh Circuit · 1989
- Air Line Pilots Association, International v. Ual CorporationCourt of Appeals for the Seventh Circuit · 1989
- Air Line Pilots Ass'n, International v. UAL Corp.District Court, N.D. Illinois · 1989
- Air Line Pilots Association, International v. Ual Corporation and International Association of MacHinists & Aerospace Workers, Afl-CioCourt of Appeals for the Seventh Circuit · 1990