Teamsters Fund Loses Bid To Stay Philly Papers Plan

Law360, New York (July 8, 2010, 5:54 PM EDT) -- A bankruptcy judge has refused to stay an order confirming Philadelphia Newspapers LLC's reorganization plan while a pair of pension funds appeal it to a district court.

Judge Stephen Raslavich of the U.S. Bankruptcy Court for the Eastern District of Pennsylvania on Thursday denied a motion by the Teamsters Pension Trust Fund of Philadelphia & Vicinity to stay the order confirming the plan. The order did not mention a similar motion filed by the CWA/ITU Negotiated Pension Plan.

Attorneys for the funds could not immediately be...
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