Yellow Corporation

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Case overview

Case Number:

1:23-bk-11069

Court:

Delaware

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

July 15, 2024
PBGC Seeks Early Win In $7.8B Pension Fight In Yellow Ch. 11

The Pension Benefit Guaranty Corp. has filed a motion for partial summary judgment in the Chapter 11 case of trucking firm Yellow Corp., telling a Delaware bankruptcy judge the $7.8 billion dispute over Yellow's withdrawal from multistate employee pension programs is a pure question of law that can be decided in the PBGC's favor.
July 10, 2024
$6B Yellow Corp. Pension Fund Fight Set For August Hearing

A Delaware bankruptcy judge said Wednesday he would schedule a hearing in August to resolve competing motions for summary judgment on Yellow Corp.'s objection to several pension plans' claims for more than $6 billion in retirement-fund withdrawal liability.
June 03, 2024
Yellow Corp. Gets Another 3 Months To Control Ch. 11 Case

Trucking firm Yellow Corp. received a new 90-day extension of the period during which it has the exclusive right to file a Chapter 11 plan, with a Delaware bankruptcy judge ruling Monday the debtor should be given more time to pursue its reorganization goals, which have thus far resulted in the full repayment of its funded debt.
May 21, 2024
Yellow Corp. Seeks Ch. 11 Plan Extension After $2B In Sales

Bankrupt trucking firm Yellow Corp. has asked a Delaware judge to extend the period during which it has the exclusive right to file a Chapter 11 plan for the third time, touting its nearly $2 billion in real estate sales that it says have allowed it to pay off its secured debts.
April 19, 2024
Creditor Committee Backs Yellow In Pension Fund Fight

The official committee of unsecured creditors in Yellow Corp.'s Chapter 11 bankruptcy has largely backed an objection from the debtor to several pension plans' claims for retirement-fund withdrawal liability, while saying it hopes the issues can be resolved quickly to reduce costs.
April 18, 2024
Yellow Corp. Likely Able To Keep Some Leases For Later Sales

A Delaware bankruptcy judge said Thursday he would probably approve troubled trucking company Yellow Corp.'s bid to assume more than 70 leases, but told the debtor and its landlords he needed until Friday to make a final decision.
April 11, 2024
Fired Yellow Corp. Workers Can Proceed With Class Action

A Delaware bankruptcy judge on Thursday lent support to a group of laid off Yellow Corp. workers in their bid to bring a class action against the insolvent trucking company, saying he would recognize claims tied to the terminations brought by both union members and others.
April 01, 2024
BlockFi-FTX Deal Gets OK, Chile Telecom Co. Hits Ch. 11

Cryptocurrency giants FTX and BlockFi have gotten approval from a court on a deal to end their disputes, Yellow Corp's fight with federal pension regulators will stay in bankruptcy court and Chile's largest phone and internet provider has hit Chapter 11. This is the week in bankruptcy.
March 27, 2024
Yellow Corp. Pension Fund Liability To Be Decided In Ch. 11

A Delaware bankruptcy judge on Wednesday denied the Pension Benefit Guaranty Corp.'s bid to take a dispute with Yellow Corp. over $7.8 billion in retirement fund withdrawal liability claims to arbitration, finding the dispute would be best resolved through the trucking firm's Chapter 11 claims allowance process.
March 06, 2024
Yellow Corp. Faces Pension Funds' Arbitration Bid In $6B Spat

Eleven retirement funds urged a Delaware bankruptcy judge Wednesday to order Yellow Corp. to arbitrate their claims worth over $6 billion, arguing it would be efficient to take the dispute before a benefits plan expert, while the trucking firm insisted that arbitration would delay its ongoing Chapter 11 proceedings.

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