Patriot Coal Corporation (fka PCXCQ)

[marayatano]

April 30, 2013, 10:22 AM

The Daily Docket: Bakers Union Urges Hostess to Hire Workers

By Melanie Cohen

Reuters

The union whose nationwide strike sparked Hostess Brands Inc.’s decision to liquidate in bankruptcy said its workers are “inextricably linked” to the future of snacks such as Twinkies and Ho Hos and hinted that the law is on its side when it comes to hiring practices. Read the Daily Bankruptcy Review article here.

(Daily Bankruptcy Review and DBR Small Cap are daily newsletters with comprehensive coverage and analysis of emerging and in-progress insolvencies and turnarounds. For a two-week trial, visit our homepage, scroll to the bottom and click “try for free.”)

A judge approved Ambac Financial Group Inc.'s ABKFQ -57.14% settlement with the Internal Revenue Service over the very tax issues that helped tip the bond insurer into its November 2010 bankruptcy, inching Ambac to the brink of emergence from Chapter 11. Read the DBR article via Fox Business.

Patriot Coal Corp. PCXCQ +12.20% warned that it might have to liquidate if a judge won’t allow the company to invoke major labor cuts, Reuters reports.

Solarworld AG SWV.XE -0.99% made a preliminary deal with creditors to reduce liabilities, Bloomberg reports.

Law firm Kaye Scholer isn’t quite done with the GSC Group Inc. case, the Am Law Daily reports.

The Wall Street Journal has more on Chrysler Group LLC’s 65% profit loss.

A hearing in Casey Anthony’s Chapter 7 case over two people suing her for defamation has been set for next month, the Orlando Sentinel reports.

According to the Las Vegas Sun, Nevada bankruptcy lawyer Randolph Goldberg was suspended for tax evasion.

Write to Melanie Cohen at [e-mail]. Follow her on Twitter at @MelanieLisa.

http://blogs.wsj.com/bankruptcy/2013/04/30/the-daily-docket-bakers-union-urges-hostess-to-hire-workers/?mod=yahoo_hs

I hope this happens to the Patriot Coal's Union workers (Taken from Hostess Bankruptcy playbook):

The union whose nationwide strike sparked Hostess Brands Inc.’s decision to liquidate in bankruptcy said its workers are “inextricably linked” to the future of snacks such as Twinkies and Ho Hos and hinted that the law is on its side when it comes to hiring practices. Read the Daily Bankruptcy Review article here.

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