Skip to comments.Judge Suggests Mediation to Save Hostess; Sides Agree to Talk.
Posted on 11/19/2012 12:12:42 PM PST by Perdogg
Dow Jones is reporting that a bankruptcy judge is urging mediation to save Hostess from liquidation. WSJ will have more to come as it comes out of the courtroom.
Heres an update from bankruptcy reporters Jacqueline Palank and Rachel Feintzeig
A bankruptcy judge Monday asked whether he should preside over mediation between Hostess Brands Inc. and its striking union to avoid pulling the plug on the baker of Ho Hos, Twinkies and Wonder Bread.
(Excerpt) Read more at blogs.wsj.com ...
If I had the choice between my beloved Twinkies and chocolate cupcakes becoming extinct or the Obamadork/felon/human excrement never being seen again - ‘twouldn’t be long before I could announce a decision.
The unions do not want to compromise at all
economics won’t either
How many Snowballs can you fit into your mouth at once?
Can the judge force them to “mediate” with the union? That’s my impression.
Haven’t they already been though mediation....the result of which the union rejected?
Bankruptcy judges have a pretty wide swath of powers in the interests of the creditors and owners of a company.
The judge was able to impose the deal on the unions in the first place, which is why the Baker’s union went on strike. The Teamsters took the deal, the bakers balked.
What the judge cannot do is force the owners or investors to toss in more money than they already have (at least to my knowledge of BK law).
Here, the judge can try to mediate a deal under the notion that by so doing, there’s a chance at preserving investor capital and creditor principle.
This is hilarious.
Haven’t seen any “Will Work for Twinkies” signs.....
Guess it would be too ambiguous, like “Will Work for Fairies”?
Ignorance of basic accounting principles is bliss.
For the ignorant.
They wanna work for Barney Frank?
They have been mediating since April.
Looks like Hostess is giving them the heave-Ho-Ho.
So, what’s Twinkie’s Defense?
” Bakery, Confectionery, Tobacco Workers and Grain Millers International union”
Are Hookers covered in this union too ?
Unions tap made judge.....
Well my take on things is that when you join a union your status changes, so this is rather academic for me. ;^)
Well at least we still gots RC Cola and MoonPies for lunch!
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