Hope For Hostess As Judge Orders Mediation With Union

Law360, New York (November 19, 2012, 5:42 PM EST) -- Hostess Brands Inc.'s fate remained uncertain Monday after a New York bankruptcy judge adjourned a hearing on its request to liquidate until Wednesday, urging the Twinkie maker and its bakers union to mediate differences that prompted the debtor to relinquish its reorganization bid as competitors eye its iconic brands. 

U.S. Bankruptcy Judge Robert D. Drain ended a brief hearing on Hostess' request to wind down and pay bonuses to certain key executives, opposed by the striking Bakery, Confectionery, Tobacco Workers and Grain Millers Union, by getting...
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