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Interstate Fights To Control Board Of Directors

Law360 (November 30, 2006, 12:00 AM EST) -- Still battling one of its shareholders for power, Interstate Bakeries Corp. has asked a bankruptcy judge to reappoint the company’s board members whose terms have expired as the bakery giant seeks to thwart the selection of new ones.

On Wednesday, the maker of Hostess Twinkies and Wonder Bread filed papers in Delaware state court, arguing that fresh board members would not understand the company and would only hinder its bankruptcy proceedings.

In the motion, Interstate contends that a new board would jeopardize its ability to meet...
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