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AIR LINE PILOTS ASS'N, INTERN. v. UAL CORP.

Nos. 88-3308, 88-3377 and 88-3387.

874 F.2d 439 (1989)

AIR LINE PILOTS ASSOCIATION, INTERNATIONAL, and Jeffrey B. Cockrell, Plaintiffs-Appellants, Cross-Appellees, v. UAL CORPORATION, INTERNATIONAL ASSOCIATION OF MACHINISTS & AEROSPACE WORKERS, et al., Defendants-Appellees, Cross-Appellants.

United States Court of Appeals, Seventh Circuit.

Decided May 4, 1989.

Attorney(s) appearing for the Case

Robert S. Smith, Paul, Weiss, Rifkind, Wharton & Garrison, New York City, for plaintiffs-appellants, cross-appellees.

Robert A. Siegel, Jerman, O'Melveny & Myers, Los Angeles, Cal., John A. Edmond, Guerrieri, Edmond & James, Washington, D.C., for defendants-appellees, cross-appellants.

Before POSNER, FLAUM and RIPPLE, Circuit Judges.

POSNER, Circuit Judge.

This suit arises out of efforts by United Air Lines' pilots to take over the airline, and by the airline's directors and the union representing the airline's machinists to prevent the takeover. When these efforts were first mounted, the airline was a subsidiary of a larger enterprise, and the contemplated takeover was of the entire enterprise. But the pilots wanted to divest the enterprise of its nonairline assets, so that when all the dust...

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