Lawsuit Filed by Avianca Shareholder to Stop Investment by United Airlines

A motion has been scheduled for Tuesday, March 28, 2017 at the Supreme Court of the State of New York, New York County for Anil C. Singh — a justice at the court — to hear the case by Kingsland Holdings Limited to block United Continental Holdings, Incorporated from investing approximately $800 million in Avianca Holdings SA as a loan from which United Airlines could benefit in the form of an estimated annual profit of greater than $75 million.

Earlier this week, approximately 25 attorneys piled into court on the motion by the plaintiff for a preliminary injunction.

The lawsuit — which was filed…

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