Quit ALPA Now!

[sunlitpath]

Incompetent ALPA idiots will pay United Pilots 44 million dollars in a settlement for goofing up their retirement allocation. Good heavens, this is $830 per member. FK ALPA, All day, all night...

 

[sunlitpath]

http://online.wsj.com/article/SB10001424052748703699204575017482173520698.html?ru=yahoo&mod=yahoo_hs

 

[DGdaPilot]

Incompetent ALPA idiots will pay United Pilots 44 million dollars in a settlement for goofing up their retirement allocation. Good heavens, this is $830 per member. FK ALPA, All day, all night...

Hey smarty pants. ALPA won't be paying the complete $44 mil. Insurance policies will be covering over 80% of the settlement.

 

[PCL_128]

Not only that, but ALPA didn't "goof up" anything. Nothing was wrong with the allocation. This was merely to avoid the risk of an ignorant jury awarding a far greater amount of money that wasn't deserved in the first place. The allocation was handled just fine at UAL.

 

[bluechunks]

Incompetent ALPA idiots will pay United Pilots 44 million dollars in a settlement for goofing up their retirement allocation. Good heavens, this is $830 per member. FK ALPA, All day, all night...

You missed the part where ALPA is now suing UAL since indemnification language was included in the distribution. Uncle Tilty may end up picking up the tab yet.

Ready. Fire. Aim.

 

[LowlyPropCapt]

Incompetent ALPA idiots will pay United Pilots 44 million dollars in a settlement for goofing up their retirement allocation. Good heavens, this is $830 per member. FK ALPA, All day, all night...

...And the alternative would be what, exactly?

By the way, what sort of work do you do for YOUR pilot group?

 

[sunlitpath]

ALPA's lawsuit against United to recover the costs of the settlement will be thrown out. The settlement is final. ALPA missed the window for appealing the settlement. Their lawsuit against United to recover the costs of the settlement is a lost cause. ALPA members will eat the bill and ALPA will be more useless than ever, if that's possible...

 

[LowlyPropCapt]

...And the alternative would be what, exactly?

By the way, what sort of work do you do for YOUR pilot group?

I say again...

 

[sunlitpath]

...And the alternative would be what, exactly?

By the way, what sort of work do you do for YOUR pilot group?

I subvert ALPA

 

[PCL_128]

ALPA's lawsuit against United to recover the costs of the settlement will be thrown out. The settlement is final. ALPA missed the window for appealing the settlement. Their lawsuit against United to recover the costs of the settlement is a lost cause. ALPA members will eat the bill and ALPA will be more useless than ever, if that's possible...

Check your facts before rambling incoherently. The settlement is final, but that has nothing to do with ALPA's suit against UAL to enforce the language that requires UAL to pay the settlement. It may take a while, but UAL will likely have to pay the entire settlement amount in the end.

As far as ALPA "eating the bill," the amount that ALPA actually has to pay, as opposed to what the insurance companies will pay, is rather small. ALPA's budget is still balanced for the year and the financial situation is improving.

 

[sunlitpath]

Check your facts before rambling incoherently. The settlement is final, but that has nothing to do with ALPA's suit against UAL to enforce the language that requires UAL to pay the settlement. It may take a while, but UAL will likely have to pay the entire settlement amount in the end.

As far as ALPA "eating the bill," the amount that ALPA actually has to pay, as opposed to what the insurance companies will pay, is rather small. ALPA's budget is still balanced for the year and the financial situation is improving.

What "language that requires United to pay the settlement" are you talking about? Please point to a reference regarding your assertion.

 

[Stifler's Mom]

Give up my legal and medical coverage should I need one or both??? :laugh::laugh::laugh::laugh:

I don't drive a car without insurance. I don't own a house without insurance. For as screwed up as ALPA may or may not be, those two things alone are worth 2% of my dismal paycheck.

 

[sunlitpath]

Check your facts before rambling incoherently. The settlement is final, but that has nothing to do with ALPA's suit against UAL to enforce the language that requires UAL to pay the settlement. It may take a while, but UAL will likely have to pay the entire settlement amount in the end.

As far as ALPA "eating the bill," the amount that ALPA actually has to pay, as opposed to what the insurance companies will pay, is rather small. ALPA's budget is still balanced for the year and the financial situation is improving.

Legal settlements typically exclude any further legal action regarding the complaints contained in the original lawsuit. Don't count on any cost recovery. Furthermore, insurance companies footing part of the bill doesn't make me feel any better. ALPA is utterly pathetic in every way.

 

[sunlitpath]

Give up my legal and medical coverage should I need one or both??? :laugh::laugh::laugh::laugh:

I don't drive a car without insurance. I don't own a house without insurance. For as screwed up as ALPA may or may not be, those two things alone are worth 2% of my dismal paycheck.

That's fine, but ALPA is not above criticism. In fact, they are very deserving of it...

 

[PCL_128]

What "language that requires United to pay the settlement" are you talking about? Please point to a reference regarding your assertion.

From the bankruptcy exit agreement:

Plan Release and Exculpation. The Plan of Reorganization shall include a
plan exculpation and release provision (which provision shall be at least as
comprehensive as the plan exculpation and release provision under the Plan of
Reorganization for the debtor or any other person) for the Air Line Pilots Association,
International, the United Master Executive Council of the Air Line Pilots Association,
International, and each of their current or former (a) members, (b) officers, (c) committee
members, (d) employees, (e) advisors, (0 attorneys, (9) accountants, (h) investment
bankers, (i) consultants, (i) agents and (k) other representatives with respect to any
liability such person or entity may have in connection with or related to the UAL
bankruptcy cases, the formulation, preparation, negotiation, dissemination,
implementation, administration, confirmation or consummation of any of the Plan of
Reorganization, the disclosure statement concerning the Plan of Reorganization, the 2003
Pilot Agreement, this Letter of Agreement, the Revised 2003 Pilot Agreement or any
contract, employee benefit plan, instrument, release or other agreement or document
created, modified, amended or entered into in connection with either the Plan of
Reorganization or any agreement between the Company, UAL and the Association, or
any other act taken or omitted to be taken in connection with the United bankruptcy.

 

[PCL_128]

Legal settlements typically exclude any further legal action regarding the complaints contained in the original lawsuit. Don't count on any cost recovery.

Again, check your facts. ALPA's case against UAL is not "further action regarding the complaints contained in the original lawsuit." ALPA's suit is in relation to the agreement UAL signed indemnifying ALPA against any legal liability resulting from distributing the pension termination funds.

Furthermore, insurance companies footing part of the bill doesn't make me feel any better.

It should. It's proof that ALPA has been very smart in how they manage risk and protect their members' money. Any other pilots' union would have been bankrupted. Thanks to smart planning by smart attorneys and accountants, the union is still in fine shape and pilots are not at any risk of losing union representation or their money.

 

[sunlitpath]

Why would ALPA agree to be the middle man for a pension allocation decision? This further illustrates their poor judgement, and it exposes their members to enormous financial risks. With all do respect, I don't believe it.

 

[PCL_128]

Because allowing the company to do it probably wouldn't result in a favorable distribution, and trying to negotiate something that complex would take months, if not years. ALPA does the same thing with signing bonuses (retro pay). You get a lump sum, and then you figure out an allocation. Pretty standard.

 

[sunlitpath]

Because allowing the company to do it probably wouldn't result in a favorable distribution, and trying to negotiate something that complex would take months, if not years. ALPA does the same thing with signing bonuses (retro pay). You get a lump sum, and then you figure out an allocation. Pretty standard.

Well, they got 44 million dollars more for United pilots that they may not have to pay for. If ALPA doesn't get investigated for insurance fraud, then it may work out. Getting United to pay for it may be a very long road.

 

[PCL_128]

Insurance fraud? You really don't have a clue, do you?