'Pink Slime' Meat Co. Gets Nod On Creditor, Worker Deal

Law360, Wilmington (June 25, 2013, 6:38 PM EDT) -- Meat processor AFA Foods Inc., driven into Chapter 11 protection amid controversy over its "pink slime" meat filler, got the green light Tuesday for a settlement that resolves claims from some creditors and a class of laid-off workers, over the objections of a supplier that said the agreement “short-circuits” the bankruptcy process.

U.S. Bankruptcy Judge Mary F. Walrath had rejected an earlier version of the settlement in October, ruling it amounted to a sub rosa Chapter 11 plan — one that bypasses the typical confirmation process to...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.