Plastech Asset Buyer Must Honor Labor Deal: UAW

By Ben James

Law360, New York (June 11, 2008, 12:00 AM ET) -- A labor union that represents 3,000 workers of bankrupt auto supplier Plastech Engineered Products Inc. is one of more than a dozen parties that filed objections Wednesday in response to Plastech's bid for court approval of a plan to sell off key assets.

The United Auto Workers' conditional objection asks U.S. Bankruptcy Judge Phillip J. Shefferly not to approve the proposed sale of Plastech's interiors and exteriors businesses unless the purchaser assumes Plastech's obligations under a previous collective bargaining pact or otherwise comes to terms with...
To view the full article, take a free trial now.

Already a subscriber? Click here to login

You must correct or enter the following before you can submit this form:

All fields required

  5. Required

Only Law360 gives you:

Non-stop coverage of high-stakes litigation across 30 practices

Real-time tracking and reports on 10,000+ companies, firms and industries

Over 80,000 attorney profiles with neutral data collected from active lawsuits

Research tools to find cases, court documents, attorneys and companies

Customized feeds and alerts that can easily be shared with colleagues

In-depth expert analysis from high-profile attorneys at top firms

Access to our vault with over 75,000 original articles