Hedge fund wants investigation of American’s pre-bankruptcy debt transaction with American Eagle

SkyTalk – Marathon Asset Management has asked the bankruptcy court to investigate a pre-bankruptcy debt transaction between American Airlines and regional carrier, American Eagle, alleging the $2.26 billion deal was illegal.

The hedge fund, which has complained to AMR chief executive Tom Horton that the carrier is not being “sufficiently transparent” during the bankruptcy process, made the investigation request in a court filing on Tuesday.

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