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Description: U.S. Bankruptcy Judge Robert Drain will serve as a mediator in the labor negotiations between Hostess and unions.


Source: CNNMoney.com – video report

Date: Nov 20, 2012

Link: http://money.cnn.com/video/news/2012/11/20/n-hostess-twinkie-bankruptcy-court.cnnmoney/

Questions for Discussions:

  • What are the implications for management, the unions, and the workers if the firm is declared bankrupt?
  • What is the “best” legal conclusion for each of the three groups?

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