Interstate Gets Time As Teamster Talks Stall

Law360, New York (October 4, 2007, 12:00 AM EDT) -- Interstate Bakeries Corp. has won another month of exclusivity to file its reorganization plan, a request lodged with the bankruptcy court last month after it shelved negotiations with the International Brotherhood of Teamsters.

The order that Kansas City, Mo. bankruptcy judge Jerry Venters signed Wednesday gives the maker of Wonder Bread and Twinkies another 30 days of exclusivity both to file and to solicit creditors' support.

With its Sept. 13 motion, however, the bankrupt baked goods company had asked the court to give it until Jan....
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.