Don't shoot the messenger as this hasn't been confirmed.
I hope everything gets cleared up as there are many great people at Delta. Some could argue the best of the best work for Delta... just maybe not in their accounting dept.
Committee Objects to Delta's Use of Disability and Survivor
NEW YORK, Dec. 6 /PRNewswire/ -- Yesterday, the Official Committee of Delta Retirees filed a motion in the Delta bankruptcy case to end Delta Air Lines' improper use of funds from a separate Disability and Survivors Trust. Delta had spent over $30 million of the Trust funds in the last three years for employee severance benefits, even though the Trust documents prohibited those payments since March 2002.
In a filing during the first week of the bankruptcy, Delta had claimed the Trust was "fully funded," but financials provided since show the Trust has an asset shortfall of more than $212 million. The Committee also raised questions in its motion about Delta's separate amendment of its benefit plans, two days before the bankruptcy, to retroactively authorize $22 million in 2004 payments out of the Trust for active workers' sick pay.
Full Article Here: http://quote.bloomberg.com/apps/news...conews&tkr=DAL:US&sid=apXkt0mG0cyI
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