Old Hostess To Pay $21M To Cyclist Hit By Bread Truck

Law360, New York (September 26, 2014, 5:08 PM EDT) -- A New York bankruptcy judge on Friday approved a $21 million settlement between the former Hostess Brands Inc. and a German cyclist who was struck by one of the bankrupt baker's trucks in Virginia in 2011, suffering an extensive brain injury that caused him to need a permanent care facility.

Counsel for Michael Sprick, the German bicyclist who was hit by a Merita Breads truck while vacationing in Virginia, filed an unsecured claim for $50 million in May 2012 in the bankruptcy proceedings for Old Hostess, seeking damages for his injuries, which left him disabled and requiring around-the-clock care. The parties...

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