Phila. Papers Allows Union Funds Voting Claims

Law360, New York (May 26, 2010, 2:54 PM EDT) -- Bankrupt Philadelphia Inquirer publisher Philadelphia Newspapers LLC has reached agreements temporarily allowing claims of more than $65 million held by two unions representing its warehouse, newspaper, and magazine employees and their related pension funds, giving the funds a right to vote on the debtor's plan.

Judge Stephen Raslavich signed off on the pair of stipulations in the U.S. Bankruptcy Court for the Eastern District of Pennsylvania on Tuesday.

The Newspaper and Magazine Employees Union and Philadelphia Publishers Pension Fund made a deal in which the pension...
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