Hostess Union, Pension Fund Want Ch. 11 Trustee

Law360, New York (November 27, 2012, 4:21 PM EST) -- A New York bankruptcy judge should appoint a Chapter 11 trustee to wind down Hostess Brands Inc. because the company is bleeding cash and its current management has given up on rehabilitating the Twinkies maker, a company union and a pension fund said Tuesday.

Hostess management has thus far failed in administrating over the company’s attempted restructuring and cannot remain at the helm while the company undergoes a managed wind-down, according to a motion filed Tuesday by the Bakery, Confectionery, Tobacco Workers and Grain Millers International...
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