Yellow's Bankruptcy Plan Stalled
This is a U.S. news story, published by Yahoo Finance, that relates primarily to Yellow news.
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•Business
Business & Economics
Yellow, Creditors Agree on Bankruptcy Plan, Key Shareholder Holds Out
79% Informative
Trucking company Yellow appears to have most of its latest bankruptcy plan squared away.
The former trucking firm’s estate submitted an amended Chapter 11 plan to a U.S. bankruptcy court Friday .
The pension funds’ liability claims now add up to $3.3 billion , with the firms expected to see a recovery between 12 and 17 percent .
The plan would set aside $30 million to $40 million for claims from former employees, covering unpaid vacation or paid time off pay, sick pay or sales commissions.
VR Score
77
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72
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89
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formal
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English
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48
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