Trade Groups, ConAgra Lambast Hostess' Bid To Dump Pensions

Law360, New York (February 17, 2012, 7:04 PM ET) -- Trade groups, pension advocates, ConAgra Foods Inc. and others joined the pushback Friday against Hostess Brands Inc.'s move to drop out of 24 multiemployer pension plans in its Chapter 11 case in New York bankruptcy court.

The companies say the move would allow Hostess to dump its $2 billion in pension obligations onto them, unfairly burdening them with increased costs while lifting the load from their competitor. The National Coordinating Committee for Multiemployer Plans and the Independent Bakers Association, which are not parties in the case,...
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