Journal Register Judge Axes Last Union Protest To $120M Sale

Law360, New York (March 21, 2013, 7:11 PM EDT) -- A New York bankruptcy judge on Thursday axed the final union objection to Journal Register Co.’s $120 million asset sale to a unit of hedge fund Alden Global Capital LLC, but again held off on greenlighting the sale.

The Detroit branch of the Communication Workers of America took issue with the language of the sale 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 with JRC....
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