Former Swissair bosses cough up $3.1mn in final settlement

Almost 20 years after the Swissair (SR, Zurich) grounding, a dispute over liability claims has finally been put to rest with 29 former executives agreeing to pay CHF2.7 million Swiss francs (USD3.1 million) as part of a final settlement – a fraction of the sums once demanded. After numerous unsuccessful lawsuits, the former executives, without acknowledging any legal obligation and without prejudice, “showed willingness to settle any claims by paying a small amount of money” to the companies in debt restructuring liquidation,...
http://dlvr.it/RnbbGP