AB to sue EY for a billion Euro damages

Old Mar 5, 18, 5:41 am
  #1  
Moderator, SkyTeam and Germany
Original Poster
 
Join Date: Sep 2001
Location: FRA/STR/NUE
Programs: AB, BA, LH, KL, QR, spg, IC
Posts: 5,883
AB to sue EY for a billion Euro damages

German newspaper Süddeutsche Zeitung is stating today that AB insolvency administrator Flöther together with the committee of creditors came to an agreement to sue EY for damages in "a billion Euro range".

Base for such claims is a letter from James Hogan (EY) dating Apr. 28 2017 to AB management, stating that EY will secure the needed liquid funds for AB to guarantee their business for 18 months. Several experts deem this to be a "binding letter of comfort". This claim would then be the biggest asset of insolvent AB.

Let's see how this develops...
ralfkrippner is offline  
Old Mar 7, 18, 9:02 pm
  #2  
Original Member
 
Join Date: May 1998
Location: New York, NY, USA
Programs: AA 2MM, Bonvoy LTT
Posts: 11,534
Maybe they should have filed suit last summer.
seawolf is offline  
Old Mar 8, 18, 1:09 am
  #3  
FlyerTalk Evangelist
 
Join Date: Mar 2008
Location: Netherlands
Programs: Gold: A3, KL Silver: AZ, BA
Posts: 24,088
Originally Posted by seawolf View Post
Maybe they should have filed suit last summer.
They did....they just got more ambitious over the winter.

https://www.flyertalk.com/forum/airb...0-million.html
irishguy28 is offline  

Thread Tools
Search this Thread