Unions Reserve Objection Rights To $390M Hostess Sales

Law360, New York (February 26, 2013, 2:20 PM EST) -- A group of 141 labor unions told a New York bankruptcy judge Monday that they were reserving the right to seek damages over job losses tied to the combined $390 million sale of Hostess Brands Inc.’s bread- and beefsteak-related brands.

The Interstate Brands Corp.-International Brotherhood of Teamsters National Negotiating Committee said the proposed $390 million sale motions of Hostess’ bread and beefsteak lines to Flowers Foods Inc. do not guarantee any jobs to current Hostess employees who work under the brands and who had signed previous...
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