Yellow Corp Liquidation Plan Approved, $700M for Creditors
Update: 2025-11-17
Description
In a significant development, a federal bankruptcy court in Delaware has approved Yellow Corporations liquidation plan, potentially distributing up to $700 million to creditors, including former employees. Despite objections from Yellows largest shareholder, MFN Partners, the plan was approved, with the court dismissing concerns of conflicts of interest and favoring the current liquidation process over a Chapter Seven alternative due to potential additional costs.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
1.0x
