Bill on Bankruptcy: Who's to Blame for Hostess?
Nov. 23 (Bloomberg) -- What did the Hostess Brands Inc. labor unions and management know about the company's imminent failure and when did they know it? That's the first topic for discussion on this week's Bloomberg bankruptcy video. Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle then turn their attention to American Airlines Inc., another hotbed of contentious labor relations. Rochelle discusses a significant opinion in the reorganization of Elpida Memory Inc. where a Delaware bankruptcy judge says U.S. courts won't be rubber stamps for actions taken by foreign bankruptcy tribunals. As Pacchia says, Bakers Footwear Group Inc. will be a laboratory test to prove or disprove the theory that dramatically shrinking in size leads to profitability. The video closes, as always, with discussion three new appellate cases that turnaround managers, investors, and bankruptcy lawyers need to know.