on the other side of the coin of US Air
http://www.nytimes.com/2004/09/25/business/25united.htmlA federal bankruptcy court judge ruled against United Airlines on Friday in a procedural dispute with unions over employee pensions, ordering that its latest pension information filing be struck from the record.
Judge Eugene Wedoff of United States Bankruptcy Court in Chicago granted an emergency motion filed by United's machinists and flight attendants, who said the company's 107-page filing a day earlier contained unsubstantiated claims about how employees would be affected if the pension programs were ended.
In the filing, United said that its pension plans are in far better financial condition than previously estimated and that the impact of terminating them would be less than was initially feared. It said its four pension plans were underfunded by $2.7 billion, as opposed to the $8.3 billion estimated by the pension agency.
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