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Yellow | Teamsters win in court

ABF381 said:
Here is another article...
finance.yahoo.com

Court dismisses Yellow’s $137M lawsuit against Teamsters

Yellow’s breach-of-contract suit against the Teamsters union has been dismissed by a federal court in Kansas. The post Court dismisses Yellow’s $137M lawsuit against Teamsters appeared first on FreightWaves.
finance.yahoo.com finance.yahoo.com
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And the most interesting statement in the article indicates that it wasn't that Yellow's claim had no merit, it was because proper procedures weren't followed.

"A federal court in Kansas has dismissed defunct Yellow Corp.’s $137 million breach-of-contract lawsuit against the Teamsters union and its negotiating arm. The court cited the company’s failure to exhaust the grievance process established under its collective bargaining agreement with the union as the reason for closing the case."
 
Triplex said:
And the most interesting statement in the article indicates that it wasn't that Yellow's claim had no merit, it was because proper procedures weren't followed.

"A federal court in Kansas has dismissed defunct Yellow Corp.’s $137 million breach-of-contract lawsuit against the Teamsters union and its negotiating arm. The court cited the company’s failure to exhaust the grievance process established under its collective bargaining agreement with the union as the reason for closing the case."
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Again, bad management closed Yellow.
 
Triplex said:
And the most interesting statement in the article indicates that it wasn't that Yellow's claim had no merit, it was because proper procedures weren't followed.

"A federal court in Kansas has dismissed defunct Yellow Corp.’s $137 million breach-of-contract lawsuit against the Teamsters union and its negotiating arm. The court cited the company’s failure to exhaust the grievance process established under its collective bargaining agreement with the union as the reason for closing the case."
Click to expand...
Hurry up and delete this before everyone sees it, I won’t say anything!!!
 
Triplex said:
And the most interesting statement in the article indicates that it wasn't that Yellow's claim had no merit, it was because proper procedures weren't followed.

"A federal court in Kansas has dismissed defunct Yellow Corp.’s $137 million breach-of-contract lawsuit against the Teamsters union and its negotiating arm. The court cited the company’s failure to exhaust the grievance process established under its collective bargaining agreement with the union as the reason for closing the case."
Click to expand...
I wonder if this isn't foreshadowing what might happen in bankruptcy court since the agreement between Yellow and the Teamsters says a withdrawal liability is to be determined in arbitration
 
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