Marcal Asset Sale Would Shirk Obligations: Union

Law360, New York (January 9, 2008, 12:00 AM EST) -- A labor union has objected to Marcal Paper Mills Inc.'s motion for bankruptcy court approval to sell substantially all of its assets, accusing Marcal of shirking its obligations to the union by not requiring proposed stalking horse bidder Nexbank SSB to be bound by a 2006 collective bargaining pact.

Tuesday, the United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers International Union (USW) filed its objection in U.S. Bankruptcy Court in New Jersey, asking U.S. Bankruptcy Judge Morris Stern to deny the...
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