DALLAS (AP) — The federal pension-insurance agency filed $91 million in liens against American Airlines property in a bid to pressure the company to save its retirement plans instead of dumping the obligations on the agency.
The agency said Tuesday it was forced to file liens when American, which filed for bankruptcy protection in November, paid only $6.5 million of a required contribution of nearly $100 million toward its pension plans last week.
The move escalated a fight between American and the Pension Benefit Guaranty Corp., whose director accused the company of pocketing pension relief money instead of putting it into workers'retirements.
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