We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Creditors Object To Milacron's Bid To Cut Benefits

Law360 (May 12, 2009, 12:00 AM EDT) -- A number of creditors representing employees of Milacron Inc., the bankrupt supplier of plastics-processing technologies and industrial fluids, have objected to the company's recent attempts to terminate employee benefit plans and provide loans to nondebtor affiliates.

In a series of objections filed Monday in the U.S. Bankruptcy Court for the Southern District of Ohio, the Milacron Retired Executive Group and the Pension Benefit Guaranty Corp. asked the court to consider arguments against Milacron's requests to terminate certain employee benefit plans and modify the court's previous order...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.