Union Dispute Has Journal Register Judge Mulling $120M Sale

Law360, New York (March 19, 2013, 3:25 PM EDT) -- A New York bankruptcy judge on Tuesday held off ruling on the proposed $120 million sale of newspaper group Journal Register Co.’s assets to a unit of hedge fund Alden Global Capital LLC, taking more time to consider the last union objection.

The Detroit section of the Communication Workers of America took issue with the language of the agreement between JRC and buyer 21st CMH Acquisition Co. with respect to its liability surrounding potential future labor issues arising out of the collective bargaining agreement it signed...
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