flstc2000 said:CFer ... trucker4cf was a management employee and therefore he will get a different settlement then we will. The contractual employees will still have money coming for unused vacation, pro-rated vacation, sick and personal days.
I received a letter ( dated 7/3/06 ) from the Teamster lawyer regarding the progress of the bankruptcy, which stated negotiations continue to resolve the outstanding claims for the above mentioned items.
He stated the expected payout in the 15 to 20 cents on the dollar range.
So far the company is challenging our claims and the union, an independent auditor all come up with different amounts so it will take time to settle all these claims.
He quoted " The process of identifying and resolving the discrepancies has gone on for more then six months, and we expect it will continue for several more months at least. "
Hope this provides some information for those who wonder if we will ever see some of what we lost.
Thanks for the update flstc2000. I really didn't expect anything this fast anyway.