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

Tops Markets Reaches Pension Fund Deal, Sets Up Ch. 11 Exit

Law360 (June 1, 2018, 9:01 PM EDT) -- Tops Markets LLC has reached terms to settle a long-running dispute over liability for $184 million in employee benefit fund contributions, telling a New York bankruptcy court on Thursday it agreed to new collective bargaining agreements and pension liabilities that will help its bid to restructure in Chapter 11.

The bankrupt regional grocery chain based near Buffalo, New York, has accomplished an important milestone in its quest to emerge from Chapter 11 proceedings with fewer payment obligations and certainty of liabilities with its workforce.

The company,...
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.