Collins & Aikman Buries Hatchet With UAW

Law360, New York (June 4, 2007, 12:00 AM EDT) -- After months of warring, Collins & Aikman has reached an agreement with the United Auto Workers over the termination of its retiree benefits, clearing another obstacle from its path to exiting bankruptcy.

On Friday, the embattled auto supplier asked the U.S. Bankruptcy Court for the Eastern District of Michigan to sign off on the deal, which the two parties had finalized the day before.

“The debtors respectfully request the entry of an order approving and authorizing the debtors to enter into the stipulation with the UAW,”...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.