American Airlines:  No Standing, Imprudence Shown In Credit Union Fund Claims

Mealey's (August 5, 2020, 12:39 PM EDT) -- FORT WORTH, Texas — A credit union founded by employees of American Airlines Inc. argues in a Aug. 3 reply brief to a federal court in Texas that a pair of pension plan participants that have sued the airline and related entities over the underperformance of a credit union fund have failed to connect any action taken by the credit union to damages the participants claim under Employee Retirement Income Security Act (Salvadora Ortiz and Thomas Scott, et al. v. American Airlines Inc., et al., No. 16-151, N.D. Texas)....