Hostess Threatens Liquidation If Strike Continues

Law360, New York (November 14, 2012, 10:01 PM EST) -- Two days after Hostess Brands Inc. shuttered three bakeries due to a strike, the bankrupt Twinkie maker threatened to convert its Chapter 11 proceedings to a liquidation if enough striking employees didn't return to work by Thursday evening.

Hostess said Wednesday that if enough employees don't return to work by 5 p.m. Thursday, it will file a motion in bankruptcy court Friday to liquidate the entire company. Employees have been striking since Nov. 10, when the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union called...
To view the full article, register now.