Updated at 2:41 p.m., Tuesday, November 13, 2007
Judge: Go! airlines parent may have to post $98M bond
Advertiser Staff
The parent of go! airlines may have to post a $98 million bond while it appeals a ruling that it misused confidential information, a federal judge said today.U.S. Bankruptcy Judge Robert Faris also indicated that the chances for Mesa Air Group's request for a new trial aren't very high.
"As a statistical matter, new trials are less likely to be," granted Faris said.
Mesa Air Group is appealing Faris' decision last month to award $80 million plus interest and attorneys fees to Hawaiian Airlines for using Hawaiian's business plan and other proprietary information to launch go! last year.
The Phoenix-based carrier also is asking for a new trial on the grounds that Faris abused his discretion by not allowing Mesa's lawyers to introduce crucial evidence that would have helped its case.
