Hostess Judge OKs Pension Plan Settlements

Law360, New York (May 06, 2013, 6:52 PM ET) -- The winding down Hostess Brands Inc. on Monday won New York bankruptcy court approval for a settlement with a slew of multiemployer pension plans, resolving disputes over contributions to the plans that became due after the company entered bankruptcy.

U.S. Bankruptcy Judge Robert D. Drain gave the go-ahead for the fallen snack icon, now referred to in court documents as Old HB Inc., to enter into a deal with eight multiemployer pension funds and two multiemployer annuity plans, bringing an end to litigation in Manhattan federal...
To view the full article, register now.