New hope for HoHos?

A bankruptcy judge today ordered Hostess Brands Inc. to mediate with unions before he would allow the company to liquidate and sell off assets.
Hostess shut down last week after a union strike crippled the company.
FOX2 Now reported:

Hostess Brands Inc. and its second largest union will go into mediation to try and resolve their differences, meaning the Irving, Texas-based company won’t go out of business just yet. The news came Monday after Hostess moved to liquidate and sell off its assets in bankruptcy court citing a crippling strike last week.

The bankruptcy judge hearing the case says that the parties haven’t gone through the critical step of mediation and asked the lawyer for the bakery’s union to ask his client, who wasn’t present, if he would agree to participate.

The case is being heard by the U.S. Bankruptcy Court in the Southern District of New York in White Plains, N.Y.

Hat Tip Ed

Earlier today it was reported that Private equity firm Sun Capital Partners wants to buy the bankrupt bakeries.

 

 

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  1. You know, it would not surprise me that the Union Bosses probably needed to save face after their comments regarding liquidation became public and then their members began to realize that with 23 million already looking for work and can’t find it, that they needed to try and work with those mean old capitalists owners.

    LOL!

  2. This is a joke…will not change a thing…mediation…LOL!! Hey Judge the company is BROKE..get off your fat JUDICIAL REAR END and pay the bills….there is no mediation…the Union cannot accept what it would not before and the company does not have the MONEY!! God what part of that does the judge not understand….typical lawyer in a Black Robe…where is the Attorney??…LOL!! Pathetic!

  3. Judges don’t have authority to make people stay in business just to give union members fat lazy NON-JOB PAYCHECKS.

    These idiots already have it in their contracts they don’t have to DELIVER WONDER BREAD AND TWINKIES IN THE SAME DELIVERY TRUCK!

    They are JERKS!

  4. A bankruptcy judge today ordered Hostess Brands Inc. to mediate with unions before he would allow the company to liquidate and sell off assets.

    Mediate? The previous offer is presumably the last one, and the union rejected it.

    What’s there to mediate over?

  5. The bakers union told Hostess to stuff their offer.

    The union went on strike.

    The union bosses are now crying about Hostess deciding to give up.

    The judge is probably a union flunky who thinks that his little decree that Hostess has to stay in business will make it so.

  6. Opening Statement,

    Hostess: you believe me now?

  7. Earlier today it was reported that Private equity firm Sun Capital Partners wants to buy the bankrupt bakeries.

    Out of curiosity, what does the baker’s union have to say about this? Isn’t Sun Capital Partners an outfit similar to the hated Bain?

  8. ++

    okay i give, is that Union Thuggery or Judicial
    Activism?? oh wait, it’s an Obama world.. :P

    ==

  9. Michael Moore seen nodding in approval.

  10. I think Bain should buy it and hire non union employees.

  11. US government and state governments

    Can has taken away your property to give to another.
    Has taken your money to give to another.
    Has taken away your right to defend yourself and to own weapons.
    Has limited what you can say and what you are allowed to think.
    Has made certain crime more punishable depending on what your thoughts were at the time.
    Has created laws to support and to attack religions of their choice.
    Has taken away the right of owners to open, move, or close their businesses.
    Has forced you to buy products.
    Has forced you to buy products for others.
    Has helped kill millions of babies.
    Has imprisoned wrongfully.
    Has broken its own laws to financially favor certain groups.
    Has failed to provide security for US sovereignty.
    Has taken the rights of states away.

    The list goes on and on. If you think the Constitution has anything to do with this lawless United States government you are a fool. If you think Republicans are better than Democrats in this regard you are a fool.

  12. the judge can not have any say. The company is bankrupt and asked for liquidation.

  13. Just…want….to….squeeze…..out….the….last….drop….of…..blood.

  14. The company already tried to reason with the unions. It’s the union that was unreasonable. Negotiations are over.

  15. #2 and #14 have it exactly right. What part of “broke” does the judge not understand? Yes, management/ownership has certain rights, labor has certain rights, but CREDITORS have certain rights too – chief among them is wanting to get paid!! If management says that things have gone too far to re-establish the business, the judge has no business substituting his “business judgment” for theirs. Does the judge have “skin” in the game?? I doubt it. Let those who DO call the shots – not some armchair quarterback in a black robe.

  16. JUDGE….SIR: “Kiss my a$$.”

  17. It’s a wonder Hostess made any profit at all:

    ……” the striking union, whose 5,000 members pull in as much as $22 an hour plus medical benefits, get nine weeks of paid leave and a company pension. It ignored the warning and Nov. 15 deadline and now will take 100% losses on salaries and benefits instead of the 8% requested by management.”
    http://news.investors.com/ibd-

    Then there are the union bosses…
    FRANK HURT PRESIDENT $262,654.00
    DAVID DURKEE SECRETARY-TREASURER $244,396.00
    JOSEPH THIBODEAU EXEC VICE PRESIDENT $218,989.00
    STEVE BERTELLI VICE PRESIDENT $198,062.00
    MICHAEL KONESKO VICE PRESIDENT $184,297.00
    ARTHUR MONTMINY VICE PRESIDENT $175,505.00
    ANTHONY JOHNSON VICE PRESIDENT $167,433.00
    ROBERT OAKLEY VICE PRESIDENT $167,265.00
    RANDY ROARK VICE PRESIDENT $166,849.00
    SEAN KELLY VICE PRESIDENT $161,789.00
    http://www.unionfacts.com/unio

  18. I would love to see the union be forced to buy it at full retail price without the patented recipes – and be forced to run it WITHOUT TAX DOLLARS AT ALL EVER!!!!

    And watch it fold up like Hamas-run Gaza Greenhouses for LACK OF MANAGEMENT SKILLS. And not be worth JACK DIRT.



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