history
UPAS was started by and owned by ALPA. It was a consistant loser of money and so it was sold to AEPS.
With Delta no longer hiring, TWA, a strong supporter of UPAS absorbed by American, and the rest of the clients not hiring, UPAS started dwindling. It was unable to meet obligations remaining to ALPA.
ALPA sued and AEPS had signed for the debt side as back collateral. ALPA has taken a firm stance realizing that there was little value left in UPAS and not wanting to end up with a liability for anything. AEPS tried some tactics which have not worked.
I believe that Kit Darby optioned UPAS if it was reclaimed and maybe AEPS.
NOALPA probably has a stake in this somewhere.
In the meantime Plato Rhyne and PilotStaffcv have also become players in the business.
Who knows where all this is going and who cares