Teamsters Fund Wants $5B Plan Withdrawal Fight Arbitrated

By Caleb Drickey · January 10, 2024, 10:36 PM EST

Bankrupt trucking company Yellow Corp. must contest an assertion that it owes a Teamsters-affiliated pension plan nearly $5 billion in arbitration, not in Delaware bankruptcy court, the fund said Wednesday....

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Bankruptcy Scorecard

Summary

Trucking company Yellow Corp. hit bankruptcy on Aug. 6 with roughly $1.2 billion in secured debt amid a dispute with the International Brotherhood of Teamsters over Yellow’s restructuring efforts.

Case Number

1:23-bk-11069

Judge

Craig Goldblatt

Venue

U.S. Bankruptcy Court for the District of Delaware

Capital Structure

Total Liabilities:

$1.9 billion

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Documents

Related Sections

Case Information

Case Title

Yellow Corporation

Case Number

1:23-bk-11069

Court

Delaware

Nature of Suit

Date Filed

August 06, 2023

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