- 11 U.S.C.
Official Comm. of Unsecured Creditors of Tower Automotive v. Debtors & Debtors in Possession (In re Tower Automotive Inc.)
Dec
15
2006
Ruling
Settlement with unions and retirees establishing trust and guaranteeing minimum 20% recovery was proper and in best interests of all parties.
Procedural posture
After filing a motion to reject collective bargaining agreements pursuant to 11 U.S.C. § 1113 and to modify retiree benefits pursuant to 11 U.S.C. § 1114, appellee debtor reached retiree settlements with appellee unions and appellee retiree committee. Appellant creditors committee, which had supported the debtor's 11 U.S.C. §§ 1113 and 1114 motion, sought review of orders of the bankruptcy court approving the settlements.
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Court
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