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American Airlines Retirees Move to Protect 1.37 Billion in Claims

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Retirees say they fear a recent proposal from AMR Corp. may let the parent of American Airlines shed nearly $1.37 billion in retiree claims that the bankruptcy court has yet to evaluate, Dow Jones Daily Bankruptcy Review reported today. The retirees are taking aim at a proposal by AMR to set aside $331 million to cover certain claims that are determined eligible for payment after checks have already started going out to other creditors.