Business Journal: Yucaipa and Teamsters in Multiple Courts

January 8, 2008: A similar bankruptcy case may give Interstate Bakeries Corp. some ammunition against private investment fund Yucaipa Cos. LLC as the union-friendly investor tries to firm up an offer for bankrupt IBC.

So far, the Kansas City Twinkie-maker's attempts to learn details of Yucaipa's plan and of its exclusive relationship with one of IBC's largest unions, the International Brotherhood of Teamsters, have been denied. That relationship seemingly has tied IBC's hands because its proposed Chapter 11 emergence financing requires union agreements. It also has discouraged other suitors, the company has said.

Click here to read more.


Be the first to comment

Please check your e-mail for a link to activate your account.
Get Advice Join TDU Donate

Recent News

IMPORTANT DETAILS: TDU Black Leadership Conference

The TDU Black Leadership is coming up!

UPS has 283 million reasons to delay retro pay

Ten weeks. That’s the latest word from IBT Package Director Denis Taylor on how long it will take UPS to issue retro checks–money owed to you–following the April 29 implementation of the contract. Taylor reported to officers and agents at the national grievance panel meeting that retro checks are expected in the first pay period in July. There is no report that Taylor attempted to do anything about the stretching out of “6-8 weeks” to 10-11 weeks.

View More News Posts