Financial Times FT.com

UAL faces $1bn pension action

By Dan Roberts in new York

Published: November 30 2004 21:06 | Last updated: November 30 2004 21:06

The battle to improve the status of pension liabilities during US bankruptcy proceedings heated up on Tuesday as employee trustees took United Air Lines to court for up to $1bn.

Independent Fiduciary Services, appointed to protect the interests of three United pension plans under threat of termination, filed the motion with a bankruptcy court in Illinois.

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