Despite its liquidation, the trustee for Aloha is selling its legal claim against against financially troubled Mesa. An earlier announcement indicated Aloha was proceeding with the suit with funding for the legal retainer coming from one of Aloha’s majority investors – Yucaipa Cos. LLC which is also a second secured creditor, according to the Honolulu Star Bulletin. Mesa could bid on the legal claim which would effectively be an out-of-court settlement, said the newspaper. Yucaipa, owed  $106.7 million, is a likely bidder along with GMAC which will share five percent of the proceeds as first secured creditor. GMAC was owed $49 million with $34 million remaining. Both have pledged five percen of any remaining funds after the two companies are paid a hardship fund for Aloha employees. A hearing last Friday was to determine Aloha’s intentions and to set up scheduling for the October 28 trial. The suit, which accuses Mesa’s go! of predatory pricing and misusing confidential information, is similar to the one Mesa lost to Hawaiian Airlines last fall. Related Story