Union Seeks More Voting Power In Visteon Ch. 11

Law360, New York (July 30, 2010, 5:39 PM EDT) -- A union representing Visteon Corp. retired workers is looking to get more of a say on the auto parts company’s Chapter 11 plan and asserts it has a $100 million claim that should give it additional votes on the proposed reorganization.

The Industrial Division of the Communications Workers of America filed a motion with the U.S. Bankruptcy Court for the District of Delaware on Friday, taking issue with Visteon listing the union’s claim as worth only $1 and seeking to have the court temporarily allow the...
To view the full article, register now.