Teamsters Plan Protest, Call on YRC Bond Exchange Holdouts to Convert

December 29, 2009: The Teamsters Union is calling on the small number of bondholders that are standing in the way of YRC Worldwide Inc.'s financial restructuring to take part in debt-to-equity exchange.

The union believes that hedge funds Brigade Capital Management and JMB Capital Partners, and banks including UBS, Barclays and TD Bank, hold positions and have not tendered. The union will protest Wednesday at the headquarters of Brigade Capital Management in New York to urge the hedge fund to exchange or sell.

Read the full Teamster press release at StreetInsider.com.

Get Advice Join TDU Donate

Recent News

Getting Out the Vote for O'Brien-Zuckerman Teamsters United

The ballots are out and we’re on the verge of making history. As of Monday, 100,925 ballots are in. That means the vast majority of members who will vote in the election have not voted yet. Here are five things you can do right now to get out the vote.

Teamster Insurgents Could Win Their Union Election

One of the most common sentiments repeated by workshop leaders at the TDU convention was, ​The real fight is about to begin after we win.” — By Ryan Haney (reprinted from In These Times & Labor Notes)

View More News Posts