Yet you want the citizens and US taxpayers to get screwed on the deal for a foreign company.
No, I want unions to get screwed, along with all other collectivists.
Longshoremen in LA are making $120,000 an hour, for pulling levers, unloading docks.
The rest of us pay the price.
They are being bought out of bankruptcy. To make this possible, the court voids contracts that make the company unsellable to outside investors. Come to grips with the basic facts of the case; the court is trying to save what is left of the company. Contracts are no longer legally binding when a company goes through a bankruptcy. Many of the contracts that the court doesn't void outright are renegotiated between various parties until suitable terms are reached that will allow the company to continue.
In the end, everyone is left holding at least part of the bag, including customers, employees, and investors. Secured debt is only partially recovered and unsecured debt (e.g. retirement healthcare in this case) is usually a write-off. It isn't just the retirees that are getting screwed in this case, just about everyone involved with the company is, and the former employees do better than most because of various socialist programs the feds put in place as a safety net. One could argue that the businesses holding unsecured debt have far more to complain about than retirees losing healthcare benefits. Get some perspective.