Atlanta, Delta settled Northwest claim with stock

04/11/2012 | Atlanta Journal-Constitution, The

The city of Atlanta received 453,000 shares of Delta Air Lines to settle a claim against Northwest Airlines, this feature says. Delta purchased Northwest in 2008, and was responsible for an outstanding claim of $12.9 million. However, holding shares of a company is a violation of city policies, unless it's in a pension fund, an audit found. Delta has since sold the shares for $4.4 million.

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Atlanta Journal-Constitution, The

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